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How to use volume in your trading
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How to use volume in your trading

  #481 (permalink)
Trade with the flow
Paris, France
 
Futures Experience: Advanced
Platform: Market Delta & Ninjatrader
Favorite Futures: ES
 
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5emm View Post
Hi, cunparis, i use your indicator on NT 6.5

Big thanks to you for that!

but i have not sound alert!!! i'am using range bars,

can you help me?

Which indicator?

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  #482 (permalink)
Trading Apprentice
Australia
 
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cunparis View Post
Which indicator?

Volume patterns

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  #483 (permalink)
Trade with the flow
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5emm View Post
Volume patterns

I don't even have this installed on my NT7. Sorry but it's really old. I suggest buying eminiwatch's Better Pro Am for Ninjatrader. Much better.

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  #484 (permalink)
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cunparis View Post
I don't even have this installed on my NT7. Sorry but it's really old. I suggest buying eminiwatch's Better Pro Am for Ninjatrader. Much better.

Thanks...

i see your screen, when were paint bars on Market Delta, they work like your volume patterns? can you tell me parameters need to enter for that?

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  #485 (permalink)
Trade with the flow
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5emm View Post
Thanks...

i see your screen, when were paint bars on Market Delta, they work like your volume patterns? can you tell me parameters need to enter for that?

The paintbars on market data are a custom indicator that I wrote, which is very similar to the better pro am paintbar. I have not made that one public.

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  #486 (permalink)
Elite Member
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Does anyone have the better volume code for MC ?

Does anyone have the better volume code for MC ?

thanks.

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  #487 (permalink)
Trade with the flow
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ptcm View Post
Does anyone have the better volume code for MC ?

thanks.

The tradestation code is easylanguage which works for multicharts as well:

The Better Volume Indicator – My Secret to Analyzing Volume

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  #488 (permalink)
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cunparis View Post
I don't even have this installed on my NT7. Sorry but it's really old. I suggest buying eminiwatch's Better Pro Am for Ninjatrader. Much better.

I am new to this forum and am interested in using volume trading the ES. I am considering buying the Pro Am indicator from emini watch, but am not certain as to how to use it effectively.

Even after watching the video found here ( emini-watch.com/volume-patterns-how-i-interpret-professional-and-amateur-bars/647/ ), I am not convinced as to the usefulness of labeling a bar as a "pro" or an "am." On that video at 8:37 in the video, on the chart at 10:32 you can see that four down bars were labeled as professional--if so, why then did price bottom out at that point? The answer I suppose is that pros were buying into the bottom--but how do you KNOW that in real time, without knowing it's a bottom? Also see a similar case at 14:42 in the chart where pro bars are present--how do you interpret if this is buying or selling?

I know nothing works all the time, I'm just trying to see if an experienced trader as yourself who uses this can help me understand more clearly how you interpret this. Any help you can provide is appreciated. Thank you so much for taking the time to read this!

Best wishes,

Josh

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  #489 (permalink)
Trade with the flow
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josh View Post
I am new to this forum and am interested in using volume trading the ES. I am considering buying the Pro Am indicator from emini watch, but am not certain as to how to use it effectively.

Even after watching the video found here ( emini-watch.com/volume-patterns-how-i-interpret-professional-and-amateur-bars/647/ ), I am not convinced as to the usefulness of labeling a bar as a "pro" or an "am." On that video at 8:37 in the video, on the chart at 10:32 you can see that four down bars were labeled as professional--if so, why then did price bottom out at that point? The answer I suppose is that pros were buying into the bottom--but how do you KNOW that in real time, without knowing it's a bottom? Also see a similar case at 14:42 in the chart where pro bars are present--how do you interpret if this is buying or selling?

I know nothing works all the time, I'm just trying to see if an experienced trader as yourself who uses this can help me understand more clearly how you interpret this. Any help you can provide is appreciated. Thank you so much for taking the time to read this!

Best wishes,

Josh

Good questions and it's great you're being critical.

The answer is the blue bars are showing where professionals are trading with each other. It doesn't show buying or selling. Just above average trade size. In my experience often (but not always) occurs when price is about to reverse. It really takes a lot of time to learn how to read it properly, and I would never trade solely with this. For me it's just another piece of information that I add. if I get confluence then that's great. If I get a blue bar without any confluence then I'm not going to act on it.

Here is my bund chart from yesterday. I posted this about 10 minutes ago before I saw your post so I'm not cherry picking a market/timeframe. This is just what I had on my workspace right now. There are two areas with blue bars. Both were at reversals.

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This is the only indicator from eminiwatch that I still use. I actually use my own version but it's the same idea.

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  #490 (permalink)
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Thank you so much for your reply (and so quick!) !!

It's very logical then--for every seller of huge contracts, there must be buyers, and vice versa--this makes SO much sense.

I am currently using NT, may try TradeStation, and will definitely try out this indicator to see if it can add just a slight edge. If I may ask, what is the histogram on the right side of your chart (is it in tradestation?)?

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