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

  #51 (permalink)
Elite Member
Perdido Beach, AL
 
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websouth's Avatar
 
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VPA indicator

Is this the one you are talking about?
NinjaTrader Support Forum - View Single Post - VSA Indicator - Beta

It is not bad on range bars no matter the original intention.


This thread is also worth reading
https://futures.io/traders-hideout/622-reading-price-action-2.html

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  #52 (permalink)
Trade with the flow
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websouth View Post
Is this the one you are talking about?
NinjaTrader Support Forum - View Single Post - VSA Indicator - Beta
It is not bad on range bars no matter the original intention.

Thanks guys for mentioning this indicator, it looks very interesting. I'm going to give it a try.

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  #53 (permalink)
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Which Volume Indicator


Hey Cunparis,

Yes..... you are correct..... I am waiting for an indicator. Right now I am not sure what to look at with regard to volume. I've checked out Big Mikes Volume Graph also the ported version of the Tradestation "Better Volume" the VPA Beta.... you name it I've been looking at it. So.... it's tough to get a handle on volume when you're really not sure what you should be looking at.

So, for a Ninja user..... what volume indicator would you suggest we be looking at?

Thanks, Jeff

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  #54 (permalink)
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This might be a stupid question, but

if I and hundreds of people where shorting at the same time as me, and all of us decided to buy back at the same time, does the vol go up or down?

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  #55 (permalink)
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The quick reply Telly is that volume would stay constant under that situation but then that is why I am reading this thread.


Last edited by Dragon; September 5th, 2009 at 03:48 PM.
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  #56 (permalink)
Trade with the flow
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tellytub View Post
This might be a stupid question, but

if I and hundreds of people where shorting at the same time as me, and all of us decided to buy back at the same time, does the vol go up or down?

Volume doesn't have anything to do with whether you sell or buy. It's the contracts/shares traded. So volume would go up. It's the same as if you bought 1000 shares and then immediately sold them. Volume would show 2000 + whatever else was going on.

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  #57 (permalink)
Trade with the flow
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Jeff Castille View Post
So, for a Ninja user..... what volume indicator would you suggest we be looking at?

This is a great question. I never really truly understood volume when using Ninjatrader. I switched to tradestation about 5 months ago and that's when I discovered uptick & downtick volume (which TS supports historically & real time) and that's when I got really interested in volume. I don't currently subscribe to CME data (just the emini) so for trading Euro I'm using Ninjatrader and I'm wondering what to use for my volume.

I'm hoping RJay can come up with something. Sorry RJay I didn't have time to check it out yet, will look at it tomorrow I hope.

My current idea is:

- RJay's Better Volume for NT + some modifications I have in mind
- The VSA indicator
- My Momentum indicator which is based on volume

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  #58 (permalink)
Market Wizard
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I therumpleone talking about volume stop many times, so I check it out. It's at Better Emini website TradeStation EasyLanguage Code: Stopping Volume
I code the indicator with my own spin but I don't know how to draw a triangle and color the volume bar at the same time. This version doesn't color the volume bar. Zip file is at download section.

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  #59 (permalink)
Trade with the flow
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I just updated my weekly S&P thread and highlighted a couple volume bars that weren't detected by Better Volume, again stressing the importance of not relying on any indicator to tell you what you can see from the charts. I have a feeling people are waiting for the indicator and that's not really the point of this thread. The indicator is only there to speed things up for you and to highlight volume patterns that you might have missed! Especially on 233 tick charts where it can move quickly.

I'm attaching the chart here, and if you're interested in my S&P analysis (really the whole market) here's the link:

https://futures.io/traders-hideout/327-cunparis-weekly-s-p-500-outlook-4.html#post5797

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  #60 (permalink)
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Since this is a discussion about volume, you may want to check out the OBV Divergence indicator I just wrote, if you are a VIP member (it is for VIP's only).

It will identify divergences between OBV and period price.

https://futures.io/elite-circle/694-balance-volume-balance-volume-divergence-indicator.html

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