I'm looking for an indicator which could show me when larger than normal volume (sellers or buyers) are coming in at a specific point. I've been watching the order flow and tend to see that when it starts speeding up or the bigger orders start coming in the bigger moves happen. I like to use this as confirmation for trades. Has anyone heard of an indicator which could plot something like this?
I'd love to see somethign either plot some sort of symbol when 'bigger players' start getting more aggressive with their buying or selling. Some sort of noise alert like a 'click' would be very cool as well.
Yes I've looked into cumultive delta in the past and you're right, this is probably my best bet. I would really like some sort of sound indication when orders keep piling in hard. Maybe I should use a combination of cumulitive delta and the indicator which was posted recently which plots dots according to size and figure out how to add sounds to these dots? I'll figure it out.
Can someone explain to me how to add an indicator (for example the dot plotting one) when it's in a .cht file? I was struggling to open it.
There is an indicator around called price squawk. (google it)
Not sure if you work with Jigsaw...? but Jigsaw priceladder has this sort of "price tones" built in, (but i have never tried it...)
Jigsaw also has the "block buy" "block sell" sound on amounts you can set yourself.
Some suggestions :
1. The Bar Time Duration Study. This will show when a bar( eg a range, tick or volume bar) has printed faster than previous bars.You can put a MA on it also, and set an alert when a bar prints a lot faster than the average. This shows increased market activity/velocity.
2. There is a "click " study created by a user :
You could add audio alerts to the threshold component (exceeding SMA by 100 or 200% etc).
There is also a User Contributed Study that is NOT included in the SC software that measures # of Trades/Time ie how many Trades per Second occurred in that bar - so useful on a non time based chart, but can also be used on a Time based chart to give you a measure of 'Rate' ie trades per second as opposed to the standard Bar Time Duration Study.