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Cory's VolumeStopV3 (and now V4) - Worth A Look!
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Cory's VolumeStopV3 (and now V4) - Worth A Look!

  #121 (permalink)
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how to use this indicator

I know people love this indicator a lot , could anybody just point out some basic rules of using this indicator? what is triangle? what is diamond? and what are those dot lines?

thanks

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  #122 (permalink)
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supermht View Post
I know people love this indicator a lot , could anybody just point out some basic rules of using this indicator? what is triangle? what is diamond? and what are those dot lines?

thanks

diamond follows a looser rule, a lower chance signal. dot line is s/r line set it to 1 if you dont want it.

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  #123 (permalink)
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  #124 (permalink)
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Need help / VolumeStop indicator

Hi Cory and fellow traders,

At first, a big THANKS to Cory for his great efforts here at futures.io (formerly BMT).

I need help in understanding the VolumeStopV4 indicator for NT. Can someone please tell me where I can find the basics or explain it to me. Have searched her, but didnīt find a explanation.
What is the meaning of the highligted blue and orange volume bars?

Thanks in advance,
Abde

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  #125 (permalink)
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Abde View Post
Hi Cory and fellow traders,

At first, a big THANKS to Cory for his great efforts here at futures.io (formerly BMT).

I need help in understanding the VolumeStopV4 indicator for NT. Can someone please tell me where I can find the basics or explain it to me. Have searched her, but didnīt find a explanation.
What is the meaning of the highligted blue and orange volume bars?

Thanks in advance,
Abde

that is where the signal takes place, triangle = strong signal, diamond = weak signal. All signals are reversal signals.

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The following 3 users say Thank You to cory for this post:
 
  #126 (permalink)
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Thank you Cory

that is where the signal takes place, triangle = strong signal, diamond = weak signal. All signals are reversal signals.


But what causes the reversal ? I read the basics about Volume Spread Analysis but didnīt grasp it really.
Am I right when assuming that change in volume occurs meaning, high up volume (no supply) on the blue bars and high down volume (no demand) on the orange bars?

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  #127 (permalink)
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cory View Post
here is the zip file

Thanks for all your work and generous sharing of the indicator. As imported the "Calculate on bar close" is set to "False". I presume that the correct setting is "True" correct?

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  #128 (permalink)
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Royal Flush View Post
Thanks for all your work and generous sharing of the indicator. As imported the "Calculate on bar close" is set to "False". I presume that the correct setting is "True" correct?

the calculation is so simple true/false will not make any diff in your computer speed.

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  #129 (permalink)
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To Cory or anyone who employs this interesting tool,

How do you make money from it?

Thank you.

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  #130 (permalink)
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cory View Post
the calculation is so simple true/false will not make any diff in your computer speed.

Thanks but that wasn't my greatest concern. If I have the indicator wait until bar close will the signal be more reliable? I notice that it gives good signals on 30 min charts but some bars are very large so False is definitely the prefered setting if the pre-close signals are reliable. I trade off of 5 min ES charts but I wonder if it might be advisable to compliment my charts with 2 point range chart? It appears that a lot of false signals are generated on 5 min charts.

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