VMA Zones charts an upper and lower region on your chart using the VMA indicator. VMA (Variable Moving Average) adjusts to low volatility and high volatility periods automatically, by using the CMO for calculations.
You can use the VMA Zones as a "Kill Zone" (don't trade inside the zone), or you can use it as a trigger or confirmation when to enter or exit a trade.
You can go long once a full bar has closed above the upper line, and go short once a full bar closes below the lower line.
In the picture, this indicator is the shaded yellow zone on the top panel.
This is my version of two of the volume patterns from the Better Volume indicator from eminiwatch.com. I only use HVC & LV bars in my trading and these were easy to port. The other volume bars (Climax bars) require upticks & downticks which are available historically with Tradestation but not with Ninjatrader.
HVC bars often mark turning points and are usually the result of professional activity.
LV bars are usually amateur activity and the move may not continue.
I have tested this indicator against the better volume indicator on Tradestation and there is zero difference. If you want the Climax bars I encourage you to purchase the Better Volume for Ninjatrader from eminiwatch.
I also plan to add more volume patterns to this indicator such as "No Demand", "Stopping Volume", etc. If anyone would like to contribute please let me know, I have lots of ideas but little time so I could use the help.
For more information on using this indicator and the volume patterns, please see the thread:
It provides a overviw of Volume at peaks. So that are possible Turning points. It better works on 5Min, 10Min and Range 6 Charts. Its signals can only be considered when some other indicators are also supporting.It generate signals at Bar Close.
Everybofy who is interested in Volume Spread analysis should use this Script. It is great for learning purposes and as tool for trading.
The Original Code is from Karthik who wrote the code for Amibroker: Here you can find the Original code: http://vpanalysis.blogspot.com/. He has also an excellent primer on VSA. If you can't get anymore shoot me a PM with your Email.
All types of VSA signals are coded with a paintbar: Red Square - UpThrust bar. Blue Diamond - Reversal possible, yesterday was high volume wide spread up bar, but today we reached 10 days high with low close wide spread down bar. Red Triangle Down - UpThrust confirmation. Lime Square - Strength bar (either strength is showing in down trend or a supply test in up trend). Yellow Triangle Up - An Upbar closing near High after a Test confirms strength. Lime Diamond - Stopping volume. Normally indicates end of bearishness is nearing /OR/ No supply. Lime Triangle Up - The previous bar saw strength coming back, This upbar confirms strength. Blue Square - Psuedo UpThrust, A Sign of Weakness /OR/ A High Volume Up Bar closing down in a uptrend shows Distribution /OR/ No Demand. Blue Triangle Down - A Down Bar closing down after a Pseudo Upthrust confirms weakness. Yellow Triangle Down - High volume Downbar after an upmove on high volume indicates weakness. Aqua Triangle Up - High volume upbar closing on the high indicates strength (in short term down trend). Deep Pink Square - Test for supply. Turquoise Diamond - Effort to Rise. Bullish sign. Yellow Diamond - Effort to Fall. Bearish sign.
Within the chart there are three information boxes, that even give you information to the signals (great for learning), suggestion what to look for next, information for the spread, volume and trend.
inspire by Better Emini stop volume indicator but I add many changes to eliminate or include some of reversals that the original miss.
here is version 2 with RJay help it also colors the vol bar.
note: it seems works better on 5m or RJay no gap range bar.
Here is the VolumeDirBins and VolumeFrequency, from this TL thread.
These indicators are supposed to show you in which direction de big traders are going.
More details in the TL thread above.
10/29/09
- fix triangle up vol not painted
- fix dot length so the number of dots plotted will be the same as the number you enter
- change a square dot to a round dot
ps. it's 100% safe to overwrite the old indicator
100% no re-paint certified
April 12th, 2018 02:17 AM traderhas My goodness!This is the ultimate filter for chop.Tried it on 1 min Dow futures.Thanks and God bless.CANNOT trade without
it.
August 13th, 2011 07:37 PM philtrader thanks for sharing. defining trend strengh is key with money management.
May 25th, 2011 10:49 PM piptek Thanks for sharing and your hard work. Big heart.
March 23rd, 2011 02:21 PM tradermav Thanks for sharing.
October 4th, 2010 02:23 AM tradermav Thanks for sharing appreciate the work put into this indicator.
August 13th, 2010 12:07 PM redpilot When for NT 7? I donīt know convert it to NT7
May 28th, 2010 06:07 AM Serninja Many thanks! Unfortunately not (yet) for NT7. Soon?
February 26th, 2010 07:34 PM PandaTrader You are right, sorry about that. I just saw you posted and uploaded it before him. Sorry, credits go to you then.
Thank you, Prtester
February 26th, 2010 05:25 PM Prtester Well that one look exactly as my code, even the shading area that roonious help me fix, :-( too bad .