MultiCharts Volume

Questions about MultiCharts and user contributed studies.
momentum
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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

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TJ
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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.

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arnie
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Postby arnie » 18 Aug 2009


momentum
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Postby momentum » 18 Aug 2009

Many tx guys


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