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can anybody code/find the indicator "VOLUMe PRESSURE" from i
look like moving averages of bid/ask volume and from their description if you hit refresh key it will disappear (bad programming) instead try GOMCD bid/ask moving average at least it stays when you try out various setting.
Based on my needs, I have added couple new features to some of Gomi's indicators. The 2 new indicators are meant as add-ons (not replacements) to the original ones contained in the current GomPackage1.1.
GomDeltaVol_UpDown (based on GomDeltaVolume):
added …
From the quick sharp reversal on the sample plot this looks more like Tick Money Flow than Cumulative Delta. There is a Tick Money Flow oscillator in this package for NT7 in the Elite Downloads section:
Trading Suite Developed by Zondor and ZTrade101. Makes extensive use of the GomRecorder so once again, merci beaucoup, Gomi !!
(Note: When a trade occurs at or above the ask it's a "buy", and when at or below the bid, it's a "sell".) Package contents:
…
It uses the GomRecorder so does not give you the pleasure of having it disappear every time you touch the chart.
Tick Money flow is the running cumulative sum of the product of price and buy volume minus the running cumulative sum of price and sell volume. If buy and sell volume are calculated from upticks and downticks, this is a price weighted OBV. If buy and sell volume are calculated from trades at or above the ask and at or below the bid, it's a price weighted cumulative delta. The TMF Oscillator is a detrended oscillator of Tick Money Flow that will give sharp reversals as shown on the sample screenshot.
