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The Electronic Local method

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Lagos, Nigeria
Trading Experience: Intermediate
Platform: NinjaTrader, SierraChart
Favorite Futures: Euro Currency & Oil
lolu's Avatar
Posts: 2,472 since Jun 2009
Thanks: 1,018 given, 1,646 received

Zondor View Post
I will post this in the VIP Section soon. It will work for 6.5 or7.0.

The DOM Recorder Indicator will have to wait a while. This will be a much more ambitious project.


Have a look at this BidAskHistVolume indicator here, which I have been using for sometime now. It paints the Total/History volume color on a Volume Up/Down basis, in addition to plotting/painting the Buy and Sell volume.

For example, if the Buy volume is greater than the Sell volume (in this case, the Buy volume color will overwhelm the Sell volume color), the Total/History volume - Up, must be showing the Volume Up color in order to have a perfect sync with the Buy volume. If this sync is not conformed to, then there is a distortion in price movement/action (this has been my personal observation).

Your BuySellVolumeTotalGCD paints the Total volume in just one color of one's choice. If you can add the feature of plotting/painting the Total volume based on Up/Down basis, this may give a little additional information in trading/decision-making.


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