MultiCharts: Trading Software for Automated Trading and Backtesting

Posted: **27 Nov 2009**

Starting from this indicator that plots the delta value in realtime:

Vars: MyVol(0);

MyVol = Upticks-DownTicks;



Plot1(MyVol, "VB");



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

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

I would like to have also the negative delta over the zero (in red colour) and on the background the total volume, like (i suppose NT) on the attached file indicate like Delta volume.
Tks in advance for any help.
Excuse me I now that It's not anything difficult but I now nothing about EL programming.
Good trading

Posted: **27 Nov 2009**

I don't understand what you are talking about...

maybe you can make a drawing...
with notes and arrows on the drawing describing your intention?

Posted: **30 Nov 2009**

Tks TJ,
I attached a file, I don't know why it didn't, I'll try again.
The point is I need an histogram a normal one that represents the total volume traded in a timeframe es 1min, on the same histogram I would like to have the delta value (that will be always smaller than the total volume so il will be inside) es. red if negative delta and es. blue if positive.
Look to this chart to Delta volume indicator.
Regards
R.

Posted: **30 Nov 2009**

I see your chart,
but it means nothing to me.
I do not see any connection between your description and your chart.

You need to put some notes ON THE CHART,
draw some lines and arrows if needed,
or even make a mock up
to illustrate what you want.

Posted: **30 Nov 2009**

TJ,
this is the chart indicating what I was talking about.
Regards

Roberto

Posted: **30 Nov 2009**

try this

Code: Select all

Vars: MyVol(0);

MyVol = Upticks-DownTicks;



Plot1( absvalue( MyVol ), "VB");



If MyVol > 0 Then 

setPlotcolor(1,GREEN) 

else

Setplotcolor(1,RED);

Posted: **30 Nov 2009**

Tks a lot TJ,
The volume delta is fine, all over the zero, there is not the total volume in background but I can plot the total volume in the same subchart and I can obtain something very close to what I was looking.
Tks again.
Is it complicated to put also the total volume on the same indicator?
By the way I can use it plotting the total volme

regards
Roberto

Posted: **30 Nov 2009**

it is very simple.

Code: Select all

Vars: MyVol(0);

MyVol = Upticks-DownTicks;



Plot10( ticks, "Volume");

Plot20( absvalue( MyVol ), "VB");



If MyVol > 0 Then 

setPlotcolor(20,GREEN) 

else

Setplotcolor(20,RED);

I would suggest you to download the manual (ebook)
http://www.tssupport.com/support/tutorials/

Getting Started with EasyLanguage is the book you need if you're thinking about using EasyLanguage but don't know where to start.

Posted: **09 Dec 2009**

Tks a lot TJ.
That is exactely what I was looking for, with the total volume in the background.

TJ, I don't want to impose on you but I'm asking you anoter technical advice: Is there a way to have a kind of Time and sales in multicharts? did anyone study something?
Just an indicator that tells you on every trade the price, the n. of contracts and if it is on the bid or on the ask.

tks in advance for your reply

regards

Roberto

Posted: **09 Dec 2009**

Tks a lot TJ.
That is exactely what I was looking for, with the total volume in the background.

You are welcome.

You sound like you have a lot of analytical ideas.
MultiCharts is a powerful tool;
to take advantage of its full potential,
I would suggest you to start reading as soon as possible.

TJ, I don't want to impose on you but I'm asking you anoter technical advice: Is there a way to have a kind of Time and sales in multicharts? did anyone study something?

no, T&S is not available in MC.

Just an indicator that tells you on every trade the price, the n. of contracts and if it is on the bid or on the ask.

tks in advance for your reply

regards

Roberto

not possible with the current version.

I don't know what can be done with the future version.

Posted: **07 Jan 2010**

Hi guys,

it is not clear the difference between MD and volume delta.
Could someone explain the difference please?
Are there any ts with this tools to use in mc?

Regards

Posted: **07 Jan 2010**

MD is a registered trade mark of CBOT
http://www.MD.com/

the volume delta we are talking about is simply a difference (delta) of volume.

MultiCharts: Trading Software for Automated Trading and Backtesting

Volume delta + Total Volume in the background

Volume delta + Total Volume in the background