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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!

  #351 (permalink)
 
cory's Avatar
 cory 
virginia
 
Experience: Intermediate
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this indicator , GomBidAskPVbyJackH is for followers of 'volume leads price' school. PV stands for Price Volume relationship.
The indicator is like a 3D puzzle watch the clip starts at 6:50 and take note so you won't miss finer details.
clip: youtube.com/watch?v=6IvuDv_cD5Q

link to indicator

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  #352 (permalink)
 
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 cory 
virginia
 
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There are many patterns for this indicator just pick your favorite and wait for it. A sample:

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  #353 (permalink)
 supermht 
Naperville IL
 
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cory View Post
There are many patterns for this indicator just pick your favorite and wait for it. A sample:

so the color of bar has been built in and I don't need to adjust color in setting?

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  #354 (permalink)
 
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 Silvester17 
Columbus, OH
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have to say, I like this kind of analysis

this is similar, but the same time very different than the traditional delta divergence indicator. those 2 indicators will never give you the same signal (opposite use of delta).

here's a comparison. the delta divergence indicator has numbers (delta) and the pv indicator uses letters (buy, sell). lots of signals, but with some confirmation tools like vwap, dom etc, I believe both indicators can be useful. but again, I would only use range charts for this purpose



could also be used on a footprint chart:


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  #355 (permalink)
 
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 cory 
virginia
 
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supermht View Post
so the color of bar has been built in and I don't need to adjust color in setting?

Colors are non adjustable but you can change the code of course. But if you keep the color then you can follow the videos they put out easier.

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  #356 (permalink)
 
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 cory 
virginia
 
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Silvester17 View Post
have to say, I like this kind of analysis

this is similar, but the same time very different than the traditional delta divergence indicator. those 2 indicators will never give you the same signal (opposite use of delta).

here's a comparison. the delta divergence indicator has numbers (delta) and the pv indicator uses letters (buy, sell). lots of signals, but with some confirmation tools like vwap, dom etc, I believe both indicators can be useful. but again, I would only use range charts for this purpose

...

very nice, looking good for scalping.

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  #357 (permalink)
 
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 cory 
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make the DOM works hard for you.

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  #358 (permalink)
 
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 cory 
virginia
 
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5m chart. ps. a comparable indicator is $995 somewhere else.

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  #359 (permalink)
 
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 cory 
virginia
 
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I change like style from hash to square and watch it runs like EKG on 450T chart.

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  #360 (permalink)
 
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 Silvester17 
Columbus, OH
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another comparison between the price/volume and delta divergence indicator. they both do a pretty good job detecting swing highs and lows. so far today, the price/volume indicator has the lead...

like mentioned before, you still need other tools for confirmation. can't just blindly take every signal


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