MultiCharts Volume

Questions about MultiCharts and user contributed studies.
momentum
Posts: 324
Joined: 23 Nov 2005
Has thanked: 9 times
Been thanked: 14 times

MultiCharts Volume

Postby momentum » 18 Aug 2009

I wrote a little study to track volume:

Vars: MyVol(0);
MyVol = Upticks-DownTicks;

Plot1(MyVol, "VB");

If MyVol > 0 Then setPlotcolor(1,GREEN);
If MyVol < 0 Then Setplotcolor(1,RED);

I am using MC with eSignal.

2 questions:
1. Does this in fact color the volume green if the symbol bar trades more CONTRACTS on an uptick than a down tick, and,
2. Will this only work for me in real time or does MC save the volume per tick in its history that allows me to historically see and access this info in a signal?

TIA

User avatar
TJ
Posts: 7740
Joined: 29 Aug 2006
Location: Global Citizen
Has thanked: 1033 times
Been thanked: 2221 times

Postby TJ » 18 Aug 2009

>>1. Does this in fact color the volume green if the symbol bar trades more CONTRACTS on an uptick than a down tick, and,

that's correct. (see condition below)


>>2. Will this only work for me in real time or does MC save the volume per tick in its history that allows me to historically see and access this info in a signal?

MultiCharts stores the trade volume in the database, not uptick/downticks.
Therefore the indicator will only show the result in real time.

MC does save the volume per tick in its history, you will need a routine to translate that into up volume and down volume for a higher time frame.

Hope the above helps.

User avatar
arnie
Posts: 1594
Joined: 11 Feb 2009
Location: Portugal
Has thanked: 481 times
Been thanked: 514 times

Postby arnie » 18 Aug 2009


momentum
Posts: 324
Joined: 23 Nov 2005
Has thanked: 9 times
Been thanked: 14 times

Postby momentum » 18 Aug 2009

Many tx guys


Return to “MultiCharts”