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PriceActionSwing discussion

  #1821 (permalink)
 
Tuglife's Avatar
 Tuglife 
Escondido CA USA
 
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Can someone kindly help me understand how to have the PAS indicate "volume per swing"?

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  #1822 (permalink)
 
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 Silvester17 
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Tuglife View Post
Can someone kindly help me understand how to have the PAS indicate "volume per swing"?

I think there're about 4 different options for volume:

- pas oscillator / volume:

Quoting 
The PASOsc/Volume will show the cumulative volume from the last low to the current bar with the green histogram. The
red line represent the down volume and if the swing direction will change to the down side the red line will become a red
histogram. The VLowCurrent/VHighCurrent plots basically represent the values to which the indicator will repaint if the
swing direction changed

- zig zag volume:
shows the volume of a swing with up/down colors

- relative volume:
the average volume traded at each bar in that swing

- absolute volume:
the complete volume for that swing

in your case, you probably want to look at the absolute volume


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  #1823 (permalink)
 
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 Tuglife 
Escondido CA USA
 
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Thanks for the quick reply and your answer is helpful and got me *most* of the way there.

Why doesn't my chart display the information at the top of the swing at 15:30? And how can I delete the HL/LL type indicators? I've tried every which way but I only want tick change and absolute volume.

[img]https://i.postimg.cc/W3Qx1mXM/Screenshot-110.png[/img]

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  #1824 (permalink)
 
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 Silvester17 
Columbus, OH
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Tuglife View Post
Thanks for the quick reply and your answer is helpful and got me *most* of the way there.

Why doesn't my chart display the information at the top of the swing at 15:30? And how can I delete the HL/LL type indicators? I've tried every which way but I only want tick change and absolute volume.

[img]https://i.postimg.cc/W3Qx1mXM/Screenshot-110.png[/img]

it doesn't display at the top of the swing because the text color and your chart background are both white.

if you click on "show labels", hh, ll, hl etc will be activated. so you need to "unclick" (clear) "show labels".

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  #1825 (permalink)
 
Tuglife's Avatar
 Tuglife 
Escondido CA USA
 
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Perfect. Thanks so much! One last question....is there any way to have the "volume per tick" calculated automatically for these swings, or does anyone do something similar another way?

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  #1826 (permalink)
 
Silvester17's Avatar
 Silvester17 
Columbus, OH
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Tuglife View Post
Perfect. Thanks so much! One last question....is there any way to have the "volume per tick" calculated automatically for these swings, or does anyone do something similar another way?

I'm afraid I don't think that's possible. it can certainly be programmed. but is such an information really helpful? if you load a 1 tick chart you can see for yourself:


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  #1827 (permalink)
 
Tuglife's Avatar
 Tuglife 
Escondido CA USA
 
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I am trying my hardest not to be dense here, but I don't see any volume on that chart?

I've seen data like this in real time, on a depth of market (for individual levels). On a swing chart it would give you (at a glance) the volume relative to the size of the swing, not just a gross figure.

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  #1828 (permalink)
 
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 Silvester17 
Columbus, OH
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Tuglife View Post
I am trying my hardest not to be dense here, but I don't see any volume on that chart?

I've seen data like this in real time, on a depth of market (for individual levels). On a swing chart it would give you (at a glance) the volume relative to the size of the swing, not just a gross figure.

now I'm a little lost. these days the volume per tick is very low. you'll see a lot of 1 or 2 contracts. even if there're 500 contract traded at that level, it most certainly will be reported in smaller quantities.


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  #1829 (permalink)
 
Tuglife's Avatar
 Tuglife 
Escondido CA USA
 
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If you are lost that's my fault for sure. I'm new to this subject and although I'm trying to be precise, I'm being precise in an incorrect way. I might even not understand correctly what is happening with my chart or the PAS indicator.

The data I would want would look at the last swing. It was 40 ticks up, and there was 9,300 contracts traded on that swing. There would be a value of 232 printed on the chart representing 232 contracts/ tick price increase on that swing. It's a value I was interested in the first time I saw a swing chart.




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  #1830 (permalink)
 
Silvester17's Avatar
 Silvester17 
Columbus, OH
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Tuglife View Post
If you are lost that's my fault for sure. I'm new to this subject and although I'm trying to be precise, I'm being precise in an incorrect way. I might even not understand correctly what is happening with my chart or the PAS indicator.

The data I would want would look at the last swing. It was 40 ticks up, and there was 9,300 contracts traded on that swing. There would be a value of 232 printed on the chart representing 232 contracts/ tick price increase on that swing. It's a value I was interested in the first time I saw a swing chart.

no, you're fine. I do now understand. what you're looking for requires a change of the code. you would change the relative volume calculations by dividing the swing volume with the length (how many ticks)

then the "new relative volume" would look like this:




and here's how to change the code:


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