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

October 19th, 2009, 10:55 PM

I see some serious hacking activities going on

when I was busy learning/coding the overnight open range. The new OR is here, enjoy!

October 20th, 2009, 06:58 AM

Prtester

If anyone interested here is a On BarClose = False version (You will see the developing volume of the non finish bar)
It has a "fix" for the alarm, should sound once time only per occurrence
I add an EMA in the volume
and could not resist to include the Cunparis High volume pattern on this ( you can turn on/off if desire)

Cory sorry the background colors could not make it.

Regards

It would be really helpful when a 'revised' version of an indicator is suggested that you at least change the name so it does not over-write the original indicator?

October 20th, 2009, 07:38 AM

cory

ok, looks like you want some rules, some set ups, you got it!

note in chart I added TRIX indicator twice, one to the lower panel and one to the chart to color the back ground note: auto scale set to false.

during the pink time treat all dot lines as support lines, you look for b/d and the trigger is when a bar closes below the dots. during the blue time treat all dot lines as resistant lines, look for b/o and the trigger is when a bar closes above the dots.

ps. set length = 200

cory,

I added the Trix indicator on my chart and it removes all the up bars?

I've attached a photo.

Seems like every time the Trix is not pink the bars remove.
All timeframes are affected.

Thanks,

October 20th, 2009, 09:31 AM

DavidHP

cory,

I added the Trix indicator on my chart and it removes all the up bars?

I've attached a photo.

Seems like every time the Trix is not pink the bars remove.
All timeframes are affected.

Thanks,

never fear it didn't not remove any bar it just colored bars black. red = down black = up in my world. If I don't have barcolor option just open the code look for barcolor and change Black to some other color.

October 20th, 2009, 09:34 AM

cory

so we stick with one indicator but then a) do we set it at a smaller interval to get them all including false signals or b) set it at a bigger interval to get less false signals but the waiting is also a pain beside there is no guarantee that it will be a winning signal.

Hi

Thanks cory for your superb indicators. I would prefer to set VolumeStopV4 indicator at a bigger interval. How do i set it at a bigger intervals?

October 22nd, 2009, 04:35 PM

sunilkumarsaini

Hi

Thanks cory for your superb indicators. I would prefer to set VolumeStopV4 indicator at a bigger interval. How do i set it at a bigger intervals?

I don't understand? you can change your chart to 15m, 30m if that is what you want.

October 23rd, 2009, 01:07 PM

Alright, my good people after 700+ downloads you may wonder is there any use to it?
well I found one sample, no make it two of how some may use it .

1)

All you need

To me simple is better..... I don't want to look at too many indicators. Besides, all indicators are doing is telling me is what the price is doing so.... why not learn to read price action? Some of the tools that help me do this are the 50 EMA and …

2) see picture

3) this just in, found the third sample

How to use volume in your trading

I use VolumeSpike and VolumeStop. pretty good in detecting reversals. I think far better than the ones from Emini-Watch.

October 24th, 2009, 11:08 AM

Prtester

and could not resist to include the Cunparis High volume pattern on this ( you can turn on/off if desire)

I'm not sure what this does for the high volume patterns. It doesn't show everything my volume patterns indicator shows.

October 24th, 2009, 11:14 AM

Here's a chart with my volume patterns & Cory's Volume Stop.

i had previously tried volume stop on a tick chart, but this is the first time I look at it on 5min chart (I'm now using 5min for ALL markets).

Volume Stop correctly signaled 8/8 trades, all good for at least a scalp. This is nothing short of amazing! Good job Cory. I'm going to add this to my chart this week and see if I can pick up some more opportunities.

Also note when you get several confirming signals (HVC, PhaseShift crossover, Volume Stop, H2/L2, etc.) it makes an even higher probability trade.

Now the only problem is the volume stop is putting dots on top of the PhaseShiftSR but that should be easy to fix.

October 24th, 2009, 12:11 PM

cunparis

I'm not sure what this does for the high volume patterns. It doesn't show everything my volume patterns indicator shows.

Just change my default 30 periods look back to your 20, and you would get same results :-)

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

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