Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
Indicator plotting time in the volume based charts or volume delta charts.
Indicator plotting time in the volume based charts or volume delta charts. Does anybody know if there is a way to plot time under the chart in chart where each bar is plotted by volume or delta volume? For example each bar is created when 1000 contract traded or 500 delta volume traded...but I want to know how long it took for this bar to get created.
Thanks
Can you help answer these questions from other members on NexusFi?
I am not sure if anybody thought about this before, so if it was discussed in different thread, excuse me. The concept I have in mind goes like this. If I look at the chart with the timeframe controlled by delta volume ( in Sierra chart it is called delta volume by bar), it becomes obvious that it will take different time for each bar to get created. Since the delta volume reflects the market driven orderflow, I assume that bars that got created faster are the ones that reflect urgency....therefore it can be beginning of momentum. And the bars that needed more time to be created lack this urgency. So I am interested in those bars and go in the same direction that were created quickly.
Another thing is volatility of these bars. If there is a bar that was formed quickly and has rather large volatility, it means that there is also no resistance in the orderbook (limit orders) which would absorb the market driven orderflow (volume delta).
I would like to hear from anybody interested in developing this idea. Iam sure this is just the small step.