Greetings all
Tim Ord has a technique for volume analysis of a swing. the idea as i see it is pretty straightforward-
1. identify existing swings by tops & bottoms. the existing 'swingpoint.mq4' does this already (and with a user-variable tolerance type of parameter for desired swing length).
2. simply add up total volume for each swing from its low (high) to the next high (low).
2a. next level, if possible, would be tallying bid & ask volume separately, as TFlow does (http://www.cqg.com/Technical-Analysi...d-Studies.aspx) this has been done by ForexFlash on one of the VSA threads. but instead of a histogram, here we would just display the 2 total volumes for the swing.
3. ouptut: display total volume(s) in 8pt type on the chart itself next to the appropriate diag swing line. in this way different swings' volumes can be compared. later, a graph or color coded system could be implemented.
any interest
cheers
mark
Tim Ord has a technique for volume analysis of a swing. the idea as i see it is pretty straightforward-
1. identify existing swings by tops & bottoms. the existing 'swingpoint.mq4' does this already (and with a user-variable tolerance type of parameter for desired swing length).
2. simply add up total volume for each swing from its low (high) to the next high (low).
2a. next level, if possible, would be tallying bid & ask volume separately, as TFlow does (http://www.cqg.com/Technical-Analysi...d-Studies.aspx) this has been done by ForexFlash on one of the VSA threads. but instead of a histogram, here we would just display the 2 total volumes for the swing.
3. ouptut: display total volume(s) in 8pt type on the chart itself next to the appropriate diag swing line. in this way different swings' volumes can be compared. later, a graph or color coded system could be implemented.
any interest
cheers
mark
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