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Cumulative volume indicator for Multicharts - does it exist
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Created: by PositiveDeviant Attachments:0

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Cumulative volume indicator for Multicharts - does it exist

 
Elite Member
United Kingdom
 
Trading Experience: Intermediate
Platform: Multicharts
Favorite Futures: Dow
 
PositiveDeviant's Avatar
 
Posts: 587 since Nov 2010
Thanks: 257 given, 253 received

Cumulative volume indicator for Multicharts - does it exist

Hi there,

I'm looking for what should be a fairly simple indicator. One that plots the volume as it accumulates throughout the trading day.

So if during the first bar of the day there are 100 contracts traded and during the second bar there are 200 contracts traded the first bar of the indicator would show 100 and the second 300 and so on and so forth.

"The primary thing required to obtain what you want from life, is simply the will to pursue it, and the faith to believe it is possible." - Author Unknown

"The ability to maintain discipline and stick to the rules is the hallmark of the experienced successful trader" - Curtis Faith
 
 
 Vendor: www.abctradinggroup.com 
Hamburg Germany
 
Trading Experience: Advanced
Platform: Multicharts, Tradestation
Broker/Data: DTN IQ
Favorite Futures: ES
 
Posts: 1,886 since Apr 2013
Thanks: 311 given, 1,168 received

Hi PositiveDeviant,

there probably is something floating around, but your indicator is fairly easy to do. Something like this should get you started.
 
Code
Variables: TotalDailyVolume(0), 
MyVolume(0);

//use the correct volume depending on the bar type
if Bartype >= 2 and Bartype < 5 then
 MyVolume = Volume 
else
 MyVolume = Ticks;

//reset volume on date change
if Date <> Date[1] then
 TotalDailyVolume = 0;

//sum the volume for each bar
TotalDailyVolume = TotalDailyVolume + MyVolume;

Plot1(TotalDailyVolume, "TotalVolume");
Happy Holidays,
ABCTG

The following 2 users say Thank You to ABCTG for this post:
 
 
Trading for Profit
new york
 
Trading Experience: Intermediate
Platform: X Trader, Sierra Charts, Multicharts
Broker/Data: AMP/TT, Vision/Rithmic, AMP/CQG
Favorite Futures: CL, NG, gold
 
Posts: 355 since Mar 2012
Thanks: 665 given, 573 received


doesnt the cumulative delata do that ?

shane

 
 
Elite Member
United Kingdom
 
Trading Experience: Intermediate
Platform: Multicharts
Favorite Futures: Dow
 
PositiveDeviant's Avatar
 
Posts: 587 since Nov 2010
Thanks: 257 given, 253 received


ABCTG View Post
Hi PositiveDeviant,

there probably is something floating around, but your indicator is fairly easy to do. Something like this should get you started.
 
Code
Variables: TotalDailyVolume(0), 
MyVolume(0);

//use the correct volume depending on the bar type
if Bartype >= 2 and Bartype < 5 then
 MyVolume = Volume 
else
 MyVolume = Ticks;

//reset volume on date change
if Date <> Date[1] then
 TotalDailyVolume = 0;

//sum the volume for each bar
TotalDailyVolume = TotalDailyVolume + MyVolume;

Plot1(TotalDailyVolume, "TotalVolume");
Happy Holidays,
ABCTG

That's great! I really appreciate it.

Enjoy the holidays!

"The primary thing required to obtain what you want from life, is simply the will to pursue it, and the faith to believe it is possible." - Author Unknown

"The ability to maintain discipline and stick to the rules is the hallmark of the experienced successful trader" - Curtis Faith

 



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