Volume breakdown chart

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thariman
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Volume breakdown chart

Postby thariman » 07 Dec 2009

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

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TJ
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Postby TJ » 07 Dec 2009


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RobotMan
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Postby RobotMan » 07 Dec 2009

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

thariman
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Postby thariman » 07 Dec 2009

TJ,

I saw that post but, I think what that indicator use is more of Ask/Bid volume. Which Bob mention. Probably need more like insideasksize insidebidsize
Thank you TJ, Bob. Guess have to wait for version 6


Tony

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Postby Nick » 09 Dec 2009

Even if the bugs that are mentioned in the threads that Bob linked are fixed such indicators will be inaccurate unless MC version 6 introduces a way to synchronously read best bid ask. Sadly you will need to look at a different solution to TS/MC if you want to use this type of indicator.

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RobotMan
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Postby RobotMan » 10 Dec 2009

such indicators will be inaccurate unless MC version 6 introduces a way to synchronously read best bid ask


Time will tell, but I think you might be right.

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.


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