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Quebec Canada
Market Wizard
Experience: Intermediate
Platform: NinjaTrader
Broker: AMP/CQG
Trading: ES, NQ, YM
Frequency: Daily
Duration: Minutes
Posts: 4,527 since Oct 2009
Thanks Given: 4,177
Thanks Received: 6,021
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I've posted an update for the indicator 'VOLCumulativeDisparityMeter.' Many have asked how to use it, so here's a brief guide:
This indicator falls in the same category as the relative volume indicator. It assesses today's activity level relative to historical data. You can select the amount of historical data you want to compare by adjusting the 'Period' parameter.
For instance, if you want to compare today's volume to yesterday's, simply enter '1' in the 'Period' field. If you wish to compare today's volume to the average volume of the 14 prior days, enter '14.'
The session volume accumulates as the day progresses on a bar-by-bar basis, displayed as a histogram in a separate window. The average historical cumulative volume appears as a bar graph, while today's volume or session cumulative volume is represented as a hash cyan line (default settings) overlaying the bar graph.
You can set up to five reset intervals to begin a new volume accumulation for different time windows. You must specify the reset interval as a number of minutes for reaching the desired time from the start of the session. (TIP: you can use the Ruler to find the number of minutes between the session open and your desired reset time)
For example, if your chart's trading hours uses the 'CME US Index Futures ETH' template, and you want to split today's session cumulative volume for the overnight and regular trading hours, fill one of the 'Intra Session Interval Reset' field with '930' as the number of minutes.
If already downloaded, please replace with new update:
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