Smart money volume - a great example

August 7th, 2009, 11:28 AM

This is a great example of large contract orders driving the ES today.

The firebrick colour shows 1000+ contract trades. The chart times are UK times.

David

August 7th, 2009, 05:01 PM

David, Where did you get the VolumeDirBins indicator. Can you export & post it here? Thanks.

August 7th, 2009, 05:09 PM

TheWizard

David, Where did you get the VolumeDirBins indicator. Can you export & post it here? Thanks.

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

August 7th, 2009, 06:02 PM

Thanks for adding the link, Mike.

August 8th, 2009, 11:14 AM

Is there a way to use the values of bin1-4 from this indicator in a strategy?

Add(new Plot(Color.FromKnownColor(KnownColor.Orange), PlotStyle.Line, "Bin1"));
Add(new Plot(Color.FromKnownColor(KnownColor.Green), PlotStyle.Line, "Bin2"));
Add(new Plot(Color.FromKnownColor(KnownColor.DarkViolet), PlotStyle.Line, "Bin3"));
Add(new Plot(Color.FromKnownColor(KnownColor.Firebrick), PlotStyle.Line, "Bin4"));

August 8th, 2009, 01:14 PM

dsherman,

Just select the output you want.

See attachment.

RJay

August 8th, 2009, 07:01 PM

when i try to use this indicator i get only one orange line do i need to go in and change the script somewhere?

August 8th, 2009, 07:10 PM

it works only in real time. The next step is built a data collector for it much like the GomCD indicator so that it can display history data.

August 8th, 2009, 07:12 PM

ah ok thanks...sharky

August 8th, 2009, 07:23 PM

sharky

when i try to use this indicator i get only one orange line do i need to go in and change the script somewhere?

Sharky, I had the same experience yesterday. (I added it after the market had closed & there was no activity). When I ran a market replay,however, it started drawing the lines. I don't understand why it only displays in real time & why when you hit F5 or modify any indicator setting & hit "apply", it reverts back so a solid orange line. Wish it kept its history & wasn't only a real-time indicator.

Smart money volume - a great example

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Smart money volume - a great example