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Better Volume Indicator with Sound Alerts
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Created: by Fat Tails Attachments:40

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Better Volume Indicator with Sound Alerts

 
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hunter548 View Post
Fat Tails,

I just started using this indicator as I learn more about the usefulness of volume movement and I really like it. In comparing it to the E-Mini Watch version, I was curious about whether you found that having just a single Break Out/Climax bar indicator was just as effective or perhaps more effective than having separate Climax Up & Climax Down bar indicators? It seemed to me that separate Up/Down Climax bars might be the way to go, but as you're the creator, I thought you might have more insight. Or perhaps it would have been just a pain in the "Tail" to program, so to speak.

Basically I listed to the noise, and if I watch my chart - not the indicator - then I will certainly see whether the price action is up or down.

It is no problem at all to select different colors for expansion up and expansion down bars, or churn up bars and churn down bars. The indicator now uses 9 different colors to paint the bars. If I include up and down as an additional criterion, the indicator will use 16 different colors. I am not really sure that anybody will still be able to figure this out, so I do not think that it would be an enhancement.

By the way I only use the indicator with 4 sound alerts. I am happy, if I am alerted and then find out what is happening on the chart.

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explanation

hi fat tails,
thank you for this indicator. i'm trying to refine my trading and was looking into using volume as part of my strategy. i came across yours and i think it's one of the better ones around, as far as volume is concerned.

is there a way i could find the explanation for the various colored bars and how i could trade it? for e.g. if i find a breakout or climax bar, is expecting a reversal something i should look out for? things like that.

thanks once again.

fxwealth

 
 
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fxwealth88 View Post
hi fat tails,
thank you for this indicator. i'm trying to refine my trading and was looking into using volume as part of my strategy. i came across yours and i think it's one of the better ones around, as far as volume is concerned.

is there a way i could find the explanation for the various colored bars and how i could trade it? for e.g. if i find a breakout or climax bar, is expecting a reversal something i should look out for? things like that.

thanks once again.

fxwealth

You can use the original document from Emini Trading | Emini Day Trading | Emini Trading System

http://emini-watch.com/uploads/Media/Better_Volume_Indicator.pdf

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Here are ATT voices to replace sounds

I believe only in profits, not in prophets.
Attached Files
Register to download File Type: rar better_volume_speech_sounds.rar (294.3 KB, 361 views)
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kissandfly View Post
Here are ATT voices to replace sounds

That is the voice of @tigertrader's logo. Sounds like Mickey Mouse after a rollover of her vocal chords.

I'll keep my fancy cow, as it reminds me the bull getting slaughtered, and after all without a cow there is nothing to churn....

But thanks a lot. How did you produce these sounds?

 
 
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here : http://www2.research.att.com/~ttsweb/tts/demo.php

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LOL.

Attached Files
Register to download File Type: zip 9e42df5f76d830cc449f9cde81a4346c.zip (77.0 KB, 272 views)
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another revised version

I don't see the sense of using speech in stored sound files when speech can be generated programatically.
Instead of using recorded files of sounds or of voices for the alerts, this version uses the text to speech capability of SystemSpeech.dll. For examples: https://futures.io/ninjatrader-programming/4171-lets-teach-ninjatrader-how-talk.html
 
Code
   private void Say(string speechstring) //call this text to speech method to get Ninjatrader to talk
        {
            if (Historical || _speaker == null)
                return;

            _speaker.SpeakAsync(speechstring);

// call the Say method from OnBarUpdate:
if(Ratio[0]>=maxRatio &&Product[0]>=maxProduct ) 
                    {
                    PlotColors[0][0] = climaxChurn;
                    if (soundAlert && !climaxchurnalert )
                    {
                        try
                        {    
                            legend="XC";
                            Alert("Climax  Churn",NinjaTrader.Cbi.Priority.Medium,"Climax  Churn",climaxChurnFile,60,Color.Navy,Color.Magenta);
                            Say("Climax churn on the "+InstrumentName);
                            climaxchurnalert=true;
                        }
                        catch {}
                    }
                }

        }
The MIN and MAX functions are computation intensive. They are each only called once per bar, on the first tick, instead of on every tick.

Booleans that reset on first tick of bar make sure that each alert only sounds once per bar.
 
Code
                if(FirstTickOfBar)
                {
                 legend="";
                 churnalert=false;
                 climaxalert=false;
                 climaxchurnalert=false;
                 weakclimaxchurnalert=false;
                 lowvolalert=false;
                 // These booleans ensure that each audio alert only sounds once per bar. (Zondor 4/12/2011)
                 // An alert can only be sounded when the boolean for that alert is false.
                 // When an alert sounds, the boolean for that specific alert is set to true.
                 // Further soundings of that alert are disabled until the first tick of the next bar.
                 
                maxProduct=MAX(Product, strongLookBack)[0];
                maxWeakProduct=MAX(Product, weakLookBack)[0];
                maxRatio=MAX(Ratio, strongLookBack)[0];
                maxWeakRatio=MAX(Ratio, weakLookBack)[0];
                maxPressure=MAX(Pressure, strongLookBack)[0];
                maxWeakPressure=MAX(Pressure, weakLookBack)[0];
                minWeakPressure=MIN(Pressure,weakLookBack)[0];
                                
                 // The MIN and MAX calculations are done only once per bar, instead of on every incoming tick.
                 // Zondor 4/12/2011
                
                }
Consider this to be a work in progress, it seems to work but has not been thoroughly tested.

The indicator name is anaBetterVolumeX, but it will appear in your indicator list as ana Better Volume X with talking alerts, because in the Initialize method:

 
Code
 this.Name="ana Better Volume X with talking alerts";

Attached Files
Register to download File Type: cs anaBetterVolumeX.cs (26.0 KB, 162 views)
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another approach to better volume

An indicator declared as a subclass of the GomRecorder can keep tabs on delta and trade size as well as total volume and range.

See attachment, Better Buy/Sell Volume, from about a year ago. This is a little rough around the edges and takes a long time to load... don't put it on a chart with more than a couple of hundred bars.

Sorry, it doesn't talk.

The main reason I am posting it is to solicit some suggestions as to what exactly we should be measuring to generate the best trading signals. Ideas, anyone?

Attached Thumbnails
Better Volume Indicator with Sound Alerts-cl-06-11-100-tick-4_19_2011.jpg  
Attached Files
Register to download File Type: cs BetterBuySellVolume.cs (37.9 KB, 158 views)
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Zondor View Post
An indicator declared as a subclass of the GomRecorder can keep tabs on delta and trade size as well as total volume and range.

See attachment, Better Buy/Sell Volume, from about a year ago. This is a little rough around the edges and takes a long time to load... don't put it on a chart with more than a couple of hundred bars.

Sorry, it doesn't talk.

The main reason I am posting it is to solicit some suggestions as to what exactly we should be measuring to generate the best trading signals. Ideas, anyone?

very good idea.

here's one thing I'm always looking for. but have to say I'm taking this from a buy / sell volume indicator. if there are many aggressive sells (hitting the bid), but price bar closes up, that's normally a pretty good indication that price will reverse. I suppose churn bars are trying to show something similar.


 



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