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another version of tick volume?

  • #21
  • Jun 30, 2010 11:44am Jun 30, 2010 11:44am
Quoting PPForex
what is that indicator set running on the top right of your screen? That looks like a really handy at a glance tool.
Sorry for just replying PPForex,
the indicator name is 'signal_bars_v6' by cja...I couldnt find it in my comp, so i'm sorry to say that you have to search it for it...hope that helps bro...
  • #22
  • Jul 1, 2010 5:16am Jul 1, 2010 5:16am
Quoting PPForex
what is that indicator set running on the top right of your screen? That looks like a really handy at a glance tool.
In case you're still around........ I downloaded it from here.
  • #23
  • Jul 23, 2010 10:43pm Jul 23, 2010 10:43pm
Hi,

I am looking for a tick volume indicator with the following features. This indicator does depend on price but solely on volume of trading. Can anyone share one or help to create the first version of this indicator? This indicator have 2 charts.

The 1st chart consist of 2 lines based on x period moving averages. Here, I am not sure which form of moving average is better, ie SMA, EMA or WMA? The green line display buy volume and the red line display sell volume moving averages. In addition some form of resistance line level can be placed on the first chart to indicate trading volume has reached extreme level.

The 2nd chart consist of a blue line which is the difference between the green and red line in the 1st chart and a middle line at zero value. When the blue line is above zero, buying pressure is more than selling pressure and vice-versa. Again, here, a support and resistance lines level can be placed on the second chart to indicate buying or selling pressure has reached extreme level.

I think this indicator can be effectively used to confirm price or price based indicators.

Thank you for your help.

Regards
John Lui
  • #24
  • Oct 24, 2011 3:18am Oct 24, 2011 3:18am
Bump.
It seems the VSA group was trying to increase the accuracy of volume to get past forex's nonstandardization of same,
and unearthed tick indicators.
I want to find candles that measured the time, variable, between when ticks arrive to the market.
  • #25
  • Jan 4, 2012 11:39am Jan 4, 2012 11:39am
Hi, Forex is an OTC market, so if a broker offers tick charts´they can never represent the full market. Anybody thinks that tick charts are useful for forextrading? Or should they only be used on Exchange Traded instruments?
  • #26
  • Last Post: Sep 19, 2014 4:20pm Sep 19, 2014 4:20pm
Quoting Shamus
I am looking for a true volume profile type indi. Something simialr to this: {image} Something that would display where the most buy ticks and the most sell ticks are happening over a range of time. All of the market profile indis for mt4 I have seen do not use tick volume. Maybe someone can port this code since the Better Volume port went so well. Here's a link to the post with the zip file of the NT script for this indicator: http://www.forexfactory.com/showpost...&postcount=566
Any luck finding anything close to this?
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