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Low Volume Candles

  • #321
  • Jun 23, 2017 1:21am Jun 23, 2017 1:21am
I have changed signals to square boxes which according to me becomes easier to see if they are filled or not. I also added a counter on not yet closed boxes for Longs and Shorts.
Abok is a great contributor and have spent years in coding EA's and indis for us all to enjoy. He also apply Open Source, on most if not all projects, which I like and it is common in programming areas.

One idea: Is there a bigger chance for a Pair to turn when there is for instance 26 open Short Boxes and Zero Long boxes left to close?

Disclaimer: My added code might be totally wrong so check it pls.

/Chris
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 87 KB
Attached File(s)
File Type: mq4 LVC_Detector_05.mq4   7 KB | 801 downloads
  • #322
  • Jun 23, 2017 5:53pm Jun 23, 2017 5:53pm
Quoting Sandberg
I have changed signals to square boxes which according to me becomes easier to see if they are filled or not. I also added a counter on not yet closed boxes for Longs and Shorts. Abok is a great contributor and have spent years in coding EA's and indis for us all to enjoy. He also apply Open Source, on most if not all projects, which I like and it is common in programming areas. One idea: Is there a bigger chance for a Pair to turn when there is for instance 26 open Short Boxes and Zero Long boxes left to close? Disclaimer: My added code might be...
Great work Chris!

Just wondering if you can take a look at my previous post? If you are able to code, maybe you'd be willing to try a similar logic as Abokwaik has created, only this time over climatic bars?

Many thanks
  • #323
  • Jun 23, 2017 6:28pm Jun 23, 2017 6:28pm
Great indicator. Thanks for sharing.
SVT refer to mql5 link
  • #324
  • Jun 24, 2017 2:18am Jun 24, 2017 2:18am
Quoting Trader555
{quote} Great work Chris! Just wondering if you can take a look at my previous post? If you are able to code, maybe you'd be willing to try a similar logic as Abokwaik has created, only this time over climatic bars? Many thanks
My contribution was 4 lines of code, all efforts have been done by code wizard Abok and idea creator Hukam.

If you can specify how a HVC can be calculated I am happy to give it a shot.

However, it struck me that I have been involved in another thread dealing with Volume candles, I think I am not allowed to share the link. But what that person asked for seemed strange enough as did Hukams, they are almost like Yin and Yang being on the different ends for a path. What that person asked for, we can call him Lootenary, was to find out when Candle size and Volume diverged (and some) so I build some version of it until he was happy.

I don't want to pollute this thread with questions about another indicator. If you have questions about mine ask them in private messages so we keep this as clean as possible.

This whole thread is about Exits. NOT Entries. I am sure all are aware. So Hukam has presented a possible Exit in Future. Lootenary might have presented a Entry point based mostly on Volume (yes I know not real volume but tick-volume) and maybe they marry great together.

Look at my screenshot examples. Remember when sitting live you will see Hukam boxes first, then Lootenarys Arrows. So you don't do anything when you see a box you just wait for a Volume divergence Arrow. If you get a Volume-Div-Arrow you must look to the left, is there any Opposite un-checked Hukam boxes that need to be cleared out? If yes, enter the trade and set BE, TP or trailing at that box. What makes it hard for me to illustrate is that on Screenshot time has passed and the boxes are filled..so you must be able to pretend that you are live and then just check if the box has been filled or not. That one is easy.

Hukams boxes needs Future candles to know if it is true. Lootenarys does not and gives signal as it comes. However maybe Lootenarys arrow also could benefit by waiting for some more candles. That is another story.

Respect Abok and Hukam by not asking 100's of questions about my provided indicator, I will answer them in private if I have the time.

I hope I contribute too something good, if you find errors in the code change it and share it.

.Chris
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 79 KB
Click to Enlarge Name: Screenshot2.png Size: 78 KB
Attached File(s)
File Type: mq4 VDbyLoota-alerts update.mq4   27 KB | 610 downloads
  • #325
  • Jun 24, 2017 9:54am Jun 24, 2017 9:54am
Quoting Sandberg
{quote} My contribution was 4 lines of code, all efforts have been done by code wizard Abok and idea creator Hukam. If you can specify how a HVC can be calculated I am happy to give it a shot. However, it struck me that I have been involved in another thread dealing with Volume candles, I think I am not allowed to share the link. But what that person asked for seemed strange enough as did Hukams, they are almost like Yin and Yang being on the different ends for a path. What that person asked for, we can call him Lootenary, was to find...
Hi Chris,

Thanks for your very interesting reply. I will certainly come back to you with my thoughts, most likely on PM, if that's okay with you. In the meanwhile, just wanted to mention that I downloaded and installed your indicator for testing in the last post, but it doesn't seem to work. Booted up my MT4 (build 1090) and dragged the indicator across onto a chart, but nothing happens...
  • #326
  • Jun 24, 2017 10:32am Jun 24, 2017 10:32am
Quoting Sandberg
I have changed signals to square boxes which according to me becomes easier to see if they are filled or not. I also added a counter on not yet closed boxes for Longs and Shorts. Abok is a great contributor and have spent years in coding EA's and indis for us all to enjoy. He also apply Open Source, on most if not all projects, which I like and it is common in programming areas. One idea: Is there a bigger chance for a Pair to turn when there is for instance 26 open Short Boxes and Zero Long boxes left to close? Disclaimer: My added code might be...
Thanks Chris, I appreciate your efforts.
I am really grateful to you and anyone who takes my or other peoples work and add to it while crediting previous people for their work and contribution.

My "Robots Lab" thread has so many seeds that other traders/coders can improve and grow and share, unfortunately I didn't see much of that, and that was a main reason why I recently stopped sharing source code.
No guts, no glory
  • #327
  • Jun 24, 2017 11:22am Jun 24, 2017 11:22am
Quoting Sandberg
{quote} My contribution was 4 lines of code, all efforts have been done by code wizard Abok and idea creator Hukam. If you can specify how a HVC can be calculated I am happy to give it a shot. However, it struck me that I have been involved in another thread dealing with Volume candles, I think I am not allowed to share the link. But what that person asked for seemed strange enough as did Hukams, they are almost like Yin and Yang being on the different ends for a path. What that person asked for, we can call him Lootenary, was to find...

wonderful. Thanks so much for sharing... if anyone is interested..we have been dmoe trading manually using correlated pairs and divergence as entry..original idea was from bill bliss.. the current thread is here >>>> https://www.forexfactory.com/showthread.php?t=677100... could be a great combonation to use the LVCs as exits with the divergence as entries, On THE CORRELATED PAIR as explained by bill bliss here>>>> in post 1 of his thread >>>> https://www.forexfactory.com/showthread.php?t=160679 if it does not interest you then feel free to ignore my babblings butdefintely a big thanks to all of you coders
  • #328
  • Jun 24, 2017 11:34am Jun 24, 2017 11:34am
Quoting Trader555
{quote} Hi Chris, Thanks for your very interesting reply. I will certainly come back to you with my thoughts, most likely on PM, if that's okay with you. In the meanwhile, just wanted to mention that I downloaded and installed your indicator for testing in the last post, but it doesn't seem to work. Booted up my MT4 (build 1090) and dragged the indicator across onto a chart, but nothing happens...
Pls send suggestions to a HVC as a pm, I am interested and if it is good we create a new topic and share to all.

My indi VDbyLoota might be an alternated version, on that other thread where we discussed it, I just took the latest. I will check with what I have on my computer. But you could check journals tab for errors, typical Divide by Zero.
  • #329
  • Jun 24, 2017 12:01pm Jun 24, 2017 12:01pm
Quoting abokwaik
{quote} Thanks Chris, I appreciate your efforts. I am really grateful to you and anyone who takes my or other peoples work and add to it while crediting previous people for their work and contribution. My "Robots Lab" thread has so many seeds that other traders/coders can improve and grow and share, unfortunately I didn't see much of that, and that was a main reason why I recently stopped sharing source code.
I think I came one or two years late to the party. Most great threads have aged a lot. So sometimes when I read a older threads I can get annoyed over how arrogant and demanding some persons seems to be towards the thread creator. You, Magix, FerruX and a lot of other great creators of threads should at least have our gratitude. You have mine anyway.

I am working as a programmer since -93 but Mql is new to me so I make mistakes and Robots tends to be the same all the time However If I can help I will.

Sharing is Caring
.Chris
  • #330
  • Jun 24, 2017 12:28pm Jun 24, 2017 12:28pm
Is this system shared in any copy trading site? I would like to copy this strategy.
  • #331
  • Jun 24, 2017 3:08pm Jun 24, 2017 3:08pm
Quoting dagoods
{quote} wonderful. Thanks so much for sharing... if anyone is interested..we have been dmoe trading manually using correlated pairs and divergence as entry..original idea was from bill bliss.. the current thread is here >>>> https://www.forexfactory.com/showthread.php?t=677100... could be a great combonation to use the LVCs as exits with the divergence as entries, On THE CORRELATED PAIR as explained by bill bliss here>>>> in post 1 of his thread >>>> https://www.forexfactory.com/showthread.php?t=160679 if it does not interest...
Just lovely, right up my alley I spent 2 months of daily reading on the Similarity thread so I love when the ideas are strange. Millimeter papers, trend lines, newer modernist such as Stochastics and RSI have been explored. I want different and what is better if the one giving examples actually also makes money from it

I bet he can use Hukam/Abok boxes instead to make clear and "easy" exits.

Remember it is not that long ago someone suggested that the earth is round, or when the 3000 year old Summerian (Irak) texts suggested that we have a non detected smaller planet in our solar system (Pluto was found in the 19's) so I keep an open mind to stuff I don't understand.

We must respect that this thread is about Exits but also that Abok has asked for Entries. Divergence between correlated pairs could be perfect way to exploit when Banks plan things but it is not shared in public and it gives us a heads up. In the Similarity they talk about the same exploit but between different brokers same pair and/or same indicators but different settings. A heads up when banks/big money think it is enough..lets go and take out a Hukam box.

Similarity system was created by Eurusdd and it was a "fraud" in the end it seems but his posts kept me reading about it and I found it interesting, funny enough thread stopped at post 666 here it is I think still it has vital key information in there. Read all of it, I loved it.

Cheers Chris
  • #332
  • Jun 24, 2017 4:34pm Jun 24, 2017 4:34pm
Quoting Sandberg
{quote} Just lovely, right up my alley I spent 2 months of daily reading on the Similarity thread so I love when the ideas are strange. Millimeter papers, trend lines, newer modernist such as Stochastics and RSI have been explored. I want different and what is better if the one giving examples actually also makes money from it I bet he can use Hukam/Abok boxes instead to make clear and "easy" exits. Remember it is not that long ago someone suggested that the earth is round, or when the 3000 year old Summerian (Irak) texts suggested...
https://www.forexfactory.com/showthr...72#post9989672 yep nothing entirely new or with fresh new ideas.... this one that CJA recently created peaked my interest also as another entry technique that could be paired with LVCs...
  • #333
  • Jun 25, 2017 11:00am Jun 25, 2017 11:00am
Quoting Sandberg
{quote} My contribution was 4 lines of code, all efforts have been done by code wizard Abok and idea creator Hukam. If you can specify how a HVC can be calculated I am happy to give it a shot. However, it struck me that I have been involved in another thread dealing with Volume candles, I think I am not allowed to share the link. But what that person asked for seemed strange enough as did Hukams, they are almost like Yin and Yang being on the different ends for a path. What that person asked for, we can call him Lootenary, was to find...
Can you, or someone else fix this volume indicator?
Looking for profitable short term trades ...|
  • #334
  • Jun 25, 2017 11:45am Jun 25, 2017 11:45am
Quoting Js3mwtRc
{quote} Can you, or someone else fix this volume indicator?
Which one do you mean LVC indicator or VDbyLoota indicator?
  • #335
  • Jun 25, 2017 1:32pm Jun 25, 2017 1:32pm
Updated VDByLoota indicator, it had a '-sign in it so it didn't complie.

.Chris
Attached File(s)
File Type: mq4 VDbyLoot-alerts update.mq4   27 KB | 749 downloads
  • #336
  • Jun 25, 2017 2:13pm Jun 25, 2017 2:13pm
Quoting Sandberg
Updated VDByLoota indicator, it had a '-sign in it so it didn't compile. .Chris {file}
I see 100 potential uses with this thing. I will try to combine it with Murrey Math indicator + centar of gravity its contrarian and works perfect with this.
Help to be helped.
  • #337
  • Jun 25, 2017 2:21pm Jun 25, 2017 2:21pm
I salute all members reviving this thread.

The thread promotes low volume areas as potential exit targets.
We haven't focused on entry techniques to allow traders to share and use their proven entry methods.

To complete the system on related basis, I will leave you with this Physics/Weather fact:

Wind is air moving from higher pressure places to lower pressure places.

- - - - - - - - - - - - - - - - - - - - - -
Wind = Market
air = Price
pressure =volume
- - - - - - - - - - - - - - - - - - - - - -
No guts, no glory
  • #338
  • Jun 25, 2017 10:12pm Jun 25, 2017 10:12pm
Quoting abokwaik
I will leave you with this Physics/Weather fact: Wind is air moving from higher pressure places to lower pressure places. - - - - - - - - - - - - - - - - - - - - - - Wind = Market air = Price pressure =volume - - - - - - - - - - - - - - - - - - - - - -
Absolutely loved that one Abokwaik!

I remember awhile back when we were using the LVC for targets and trying to pin point some good entries in the High Reward to Risk Trading thread.

Also, thank you Sandberg for the VDbyLoot-alerts update & thanks to all who have contributed to keeping this thread alive!

Cheers
G
Find The Pain Points On Your Chart & Trade Off Those Levels
  • #339
  • Jun 26, 2017 3:32am Jun 26, 2017 3:32am
Quoting Sandberg
Updated VDByLoota indicator, it had a '-sign in it so it didn't complie. .Chris {file}
Now it is working great, thanks.
Looking for profitable short term trades ...|
  • #340
  • Jun 26, 2017 3:53am Jun 26, 2017 3:53am
Quoting abokwaik
I salute all members reviving this thread. The thread promotes low volume areas as potential exit targets. We haven't focused on entry techniques to allow traders to share and use their proven entry methods. To complete the system on related basis, I will leave you with this Physics/Weather fact: Wind is air moving from higher pressure places to lower pressure places. - - - - - - - - - - - - - - - - - - - - - - Wind = Market air = Price pressure =volume - - - - - - - - - - - - - - - - - - - - - -
The old acronym WAP can be used again Maybe most folks does not remember the Hype WAP on mobile phones some 15-20 yrs back.

Look at the image, 20+ candles and no movement almost. Then check Volume is quite high for none-movement.

Maybe ranging for 20 candles could be Both Wind + Air and combined with Volume we have = WAP?

.Chris
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