Hi,
Is it possible to have something like this in Multicharts ?
www.linnsoft.com/tour/techind/vb.htm
This chart:
www.linnsoft.com/tour/techind/images/VB_Chart.jpg
Basically it is
Delta = Buy Volume - Sell Volume
Buy Volume (Ask Volume) = volume that traded at or above the ask price.
Sell Volume (Bid Volume) = volume that traded at or below the bid price.
Thank you
Tony
Volume breakdown chart
- TJ
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- RobotMan
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Hi thariman,
The short answer:
If you just want upticks - downticks displayed as a histogram then you are ok. MC is fine.
But if you want MC to count volume on the bid and ask, then you will have to wait until version 6 releases.
the long answer, see:
http://forum.tssupport.com/viewtopic.php?t=6307
http://forum.tssupport.com/viewtopic.php?t=6877
http://forum.tssupport.com/viewtopic.php?t=6886
The short answer:
If you just want upticks - downticks displayed as a histogram then you are ok. MC is fine.
But if you want MC to count volume on the bid and ask, then you will have to wait until version 6 releases.
the long answer, see:
http://forum.tssupport.com/viewtopic.php?t=6307
http://forum.tssupport.com/viewtopic.php?t=6877
http://forum.tssupport.com/viewtopic.php?t=6886
- RobotMan
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Time will tell, but I think you might be right.such indicators will be inaccurate unless MC version 6 introduces a way to synchronously read best bid ask
However, if this is an important area in your trading as it is mine, there are other software solutions, as I have mentioned in other posts (ie: MD, OrderFlowAnalytics, FutureScalper along with custom scripts for NT and of course TT). Unfortunately, they are mostly "trading" platforms and not "research" platforms as MC is.
There does not seem to be an "end all" one software solution for research and trading for intra-day tick by tick analysis for the non "C" programmer type.
Even though I use customized scripts in NT to trade; in MC I currently use upticks and downticks on bar close. It's the best I can hope for right now, and probably will only be able to filter trade size in the future. I had hopes of doing some statistical analysis of frequency (trades per second filtered by trade size). But, like I said, we shall see.