Comments on: Four Volume

By: rick f

rick f — Tue, 15 Dec 2009 15:32:35 +0000

Too bad this one doesn’t work with Tick charts — watching it this morning, goofy as the market is, definately looks promising!

By: rick f

rick f — Tue, 15 Dec 2009 14:00:01 +0000

Wow. I hadn’t played with many of the volume-ish indicators, but must admit this one looks to be a keeper. Looks to be rather timely and is a nice corollary to my style of trading. I’ll watch it for a few days before incorporating it onto my charts, but I’m pretty sure this will be a keeper along with my IFT-RSI as my lower-level indicators.[1]

[1] Even though I am getting more and more comfortable trading without them!

By: Fellow TS'er

Fellow TS'er — Sat, 29 Aug 2009 02:41:43 +0000

Thank You!… This seems to give VERY reliable signals on /ES for 5 and 15 min charts… Very nice indicator.

By: ThinkScripter

ThinkScripter — Tue, 19 May 2009 01:56:29 +0000

Bill,
At first glance I think we could accomplish this. That said, I’d be lying if I told you I hadn’t thought that on a few occasions in the past only to dive down a never ending rabbit hole. Because thinkScript lacks a true variable storage mechanism, it makes this kind of study tricky to code. Let me think about it….shoot me an email and we can discuss.
Eric

By: Bill

Bill — Mon, 18 May 2009 20:59:30 +0000

Eric,

I had this odd idea to write another piece of intraday volume code that would look for volume anomalies by looking for irregular volume by given times. For example, what I mean by this is to take an average of the volumes of the previous 19 days (or whatever is accessible) for the given time interval ranges (e.g. on a 5 min, between 9:30 and 9:35, 9:36 and 9:40, etc.) and then see how the current day’s volume compares to it, as a guage of market participation. Do you have any ideas on how to do this?

Bill