Smart money volume - a great example

August 13th, 2009, 04:22 AM

In the variables section, modify this line:

int[] binThresh = new int[4] { 5, 50, 100, 10000 };

David

August 13th, 2009, 07:50 AM

cunparis

I did a bit of googling on him. Seems he has created new websites several times, each time abandoning the old one and its customers. In the past he had a book or dvd for sale for $100-$200. They say the DVD isn't bad but it's 29 minutes long. A short DVD is a bit disappointing when that's not stated clearly upfront (he makes it look like a 4 hour trading course). He uses some kind of hi-low technique where you keep a buy stop above the last high in a declining market. The idea is to get it on a trend reversal. They said that wouldn't work by itself but he has additional filters/indicators. This new bid/ask pressure thing seems to be a new thing and so he creates a new site. Only this time it's $2000! "to reserve your seat". Yes it is humorous.

Everytime I see something for $1000+ it turns out to be uninteresting. Once bitten twice shy..

My opinion now is his example was cherry picked, but I think it's worth investigating it to see if there's anything there. I'll look at it this weekend.

Cunparis,

Thanks for doing the background check. It pays to know what your dealing with.

My research into what he is selling will continue.

Sometimes I'm stunned by how close some developers get to something great, but fail to see it becouse of the way they view the indicator.

Then again, alot of my research goes out with the trash.

RJay

August 13th, 2009, 08:00 AM

He posted this thread in the NT forums.

orders filled outside of market - [AUTOLINK]NinjaTrader[/AUTOLINK] Support Forum

Presumably his automated strategy, which he is giving away when you enrol on one of his courses, is based around his post.

David

August 13th, 2009, 03:50 PM

Here is my first attempt at his bid pressure indicator. I coded up something and had no idea if it'd work. Since this only works real time one has to let it run for a while before trying another setting. So i'd like to get feedback and then I can make some changes and post them. Again this is just a starting point, I only spent a few minutes on it and then let it run.

top: price with better volume show me to highlight low volume bars
2nd: volume (free better volume indicator from emini watch)
3rd: buy sell pressure (this uses volume at bid & ask):

Code

Variables:    Length(5);
Value1 = 100*(BidSize - AskSize) / (BidSize + AskSize);
Value2 = Average(Value1, Length);

Plot1(Value2,"BS Pressure",Cyan);
Plot2(0,"Zero",White);

4th: Tradestation bid/ask volume ratio (this is built-in, I found it while searching the help for bid/ask information)

5th: buy sell pressure 2 - this uses the actual trades:

Code

Variables:    Length(5);
Value1 = 100*(UpTicks - Downticks) / (Upticks + Downticks);
Value2 = Average(Value1, Length);

Plot1(Value2,"BS Pressure",Cyan);
Plot2(0,"Zero",White);

Let me know if you have other ideas for the algorithm and I'll try them. I'm relatively new to this bid/ask stuff.

August 13th, 2009, 05:26 PM

I ended up playing with RealStats_SharkyPkg all day.

Renamed it and made a bunch of changes to increase visual comprehension.

The yellow numbers are where the good info is.

The two inner yellow numbers on the right side of chart are change in total bid and ask volume change for that bar, I think.

Top and bottom numbers may be ticks totals above and below the bar open point.

Large multicolor band - volume increase/ decrease/ even for bar totals.

Small band by current bar - level 0 bid and ask.

Yea, I'm a slow learner. I'll figure it out.

Some info is probably wrong. I forgot to take notes.

I have the total bid /ask levels here displayed. I just need to convert them.

Tomorrow is another day.

September 12th, 2009, 12:20 PM

Ran my volume splitter on Friday and posted the chart here with some observations. I'm still not convinced there is an edge but I did find some interesting things on the chart:

How to use volume in your trading

Looks like interest in the thread is dying out, I suspect asking people to make some effort was too much for most. But that's good because it means those that are still here and participating are motivated. Learning to use volume is hard work. …

March 7th, 2014, 08:43 AM

Big Mike

Downloads courtesy sam028

Download: VolumeDirBins/VolumeFrequency

Here is the VolumeDirBins and VolumeFrequency, from this TL thread (http://www.traderslaboratory.com/forums/f56/volume-splitter-5824.html). These indicators are supposed to show you in which direction de big traders are going. More details in the TL thread …

sam028

Mike

Hi Big Mike
Do you still have the link to the men tioned indicator? When I try to open your link, I receive an error message. See the attached image
Emanuele67

Smart money volume - a great example

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Smart money volume - a great example