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Attachments: Low Volume Candles
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Low Volume Candles

  • #81
  • Jun 11, 2015 8:15pm Jun 11, 2015 8:15pm
Looking at this chart using Low Volume , when it turns down the blue line should be the exit point ?
If I understand the thread.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 31 KB
  • #82
  • Jun 11, 2015 8:45pm Jun 11, 2015 8:45pm
Quoting kprsa
hukam, a very interesting idea! abokwaik, your threads are fantastic and always thought-provoking! Could one use a HVC (high volume candle - defined as the opposite of the LVC, i. e. indicating strong players) pointed along the direction of next LVC as an entry trigger? Could one say that the HVC is less likely to be retraced? Cheers, k
thanks, yes it may be valid reason for entry.

Dear khalil, try this High Volume - compare to X pips history.

Regards

Hukam
  • #83
  • Jun 11, 2015 9:47pm Jun 11, 2015 9:47pm
hukam, thanks for sharing the o2 indicator (and dingdong99 for coding it) - could you please share a hint what it calculates?

Cheers
  • #84
  • Jun 12, 2015 12:34am Jun 12, 2015 12:34am
Quoting kprsa
hukam, a very interesting idea! abokwaik, your threads are fantastic and always thought-provoking! Could one use a HVC (high volume candle - defined as the opposite of the LVC, i. e. indicating strong players) pointed along the direction of next LVC as an entry trigger? Could one say that the HVC is less likely to be retraced? Cheers, k
This is interesting K, is there any HVC indicator available, or we must create it first ?
Thanks
Good friends are more valuable than gold ...
  • #85
  • Jun 12, 2015 1:53am Jun 12, 2015 1:53am
Quoting pedma
{quote} This is interesting K, is there any HVC indicator available, or we must create it first ? Thanks
I don't think so, but it should be easy to make it from the LVC indicator.
I am curious about the stats, and would take a look at them when I find the time.
I think I could modify the RecurrenceStatistic for this case easily.

k
  • #86
  • Jun 12, 2015 2:17am Jun 12, 2015 2:17am
Quoting hukam
{quote} impossible, you miss the whole class.. please read first page ( all pages)
Good morning Hukim. I cant tell you how happy I was when I saw your thread on tick volume because I have been studying them recently. Please I have a question. The arrow up or down appears after some candles had already form and closed. The chart below will make this point more clear. I thought it was suppose to appear while a candle is forming or immediately after a closed candle. Please any body familiar with this system can also reply. thank you
Attached Image (click to enlarge)
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  • #87
  • Jun 12, 2015 2:18am Jun 12, 2015 2:18am
Quoting kprsa
{quote} I don't think so, but it should be easy to make it from the LVC indicator. I am curious about the stats, and would take a look at them when I find the time. I think I could modify the RecurrenceStatistic for this case easily. k
Good idea K. Thanks, i will try too ...
Good friends are more valuable than gold ...
  • #88
  • Jun 12, 2015 2:26am Jun 12, 2015 2:26am
  •  FerruFx
  • Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,542 Posts | Online Now
Quoting Emmpoli
{quote} Good morning Hukim. I cant tell you how happy I was when I saw your thread on tick volume because I have been studying them recently. Please I have a question. The arrow up or down appears after some candles had already form and closed. The chart below will make this point more clear. I thought it was suppose to appear while a candle is forming or immediately after a closed candle. Please any body familiar with this system can also reply. thank you {image}
That's normal. And keep in mind that the arrows aren't entry signals but levels for exit ...
MT4/MT5 EAs/Indicators/Alerts coder
  • #89
  • Jun 12, 2015 2:36am Jun 12, 2015 2:36am
Quoting FerruFx
{quote} That's normal. And keep in mind that the arrows aren't entry signals but levels for exit ...
thank you ferrufx. in other words, the statement in post 44 is wrong because i thought the arrow appears on a candle before it closes so that i could trade the next candle.
  • #91
  • Jun 12, 2015 1:51pm Jun 12, 2015 1:51pm
Quoting hukam
{quote} thanks to DingDong, its Oxygen O2 {file}
hm, about indicator......?
I become confused ......
hihhihihi....
Regard, Ding Dong
  • #92
  • Jun 13, 2015 5:13am Jun 13, 2015 5:13am
Quoting mastkhalanda
But I am not getting any output of the LVC Indicator. Please help me.
Try using less number of history bars, or refresh more history data.
No guts, no glory
  • #93
  • Jun 13, 2015 5:14am Jun 13, 2015 5:14am
Quoting GoldTheHun
{quote} This looks like an interesting method. Thank you both for the idea and the indicator. It looks like there are so many ways a trader can use this very useful tool. I would suggest an alarm for warning so that one isn't stuck in front of computer all day. Thanks to you all once again.
No alarm needed as this will grow into an EA later on.
No guts, no glory
  • #94
  • Jun 13, 2015 5:33am Jun 13, 2015 5:33am
Quoting kprsa
hukam, a very interesting idea! abokwaik, your threads are fantastic and always thought-provoking! Could one use a HVC (high volume candle - defined as the opposite of the LVC, i. e. indicating strong players) pointed along the direction of next LVC as an entry trigger? Could one say that the HVC is less likely to be retraced? Cheers, k
Hi kprsa,

Nice to see you here.

HVCs would usually appear at:

- Red News : Some times creating a Gap : which is some sort of LVC, actually a ZVC (Zero Volume Candle), not quite a candle on regular time frames, but rather a Zero Volume Area with time length in milliseconds. LVC should also take care of those ZVCs, as most probably they will get filled later.

- Bounce off Support/Resistance Areas : In this case entry on second failed try is usually better than entry on first touch (as we still don't know if it will bounce or break the area). Failed second try will create a Lower High or Higher Low, which give us an entry with clear R:R.

- Break of Support/Resistance Areas: In this case usually prices retraces for a test of broken level to convert to opposite type. So for example if a Resistance level is clearly broken with High Volume, it is safer to enter on a retrace that would create a Higher Low, converting that level to a support level.

So entry on a completed High Volume candle could be too late to jump into the trade.

Regards,

Khalil
No guts, no glory
  • #95
  • Edited 6:12am Jun 13, 2015 5:59am | Edited 6:12am
I still see some posts assuming that LVC arrows are for entry.
LVC arrows appear after x number of following candles,
the larger the number of following candles the more reliable the signals, but also become rare.

The arrows are potential exit points for a counter trade.

So for example if a Long Entry Target signal appears, the trader should start to evaluate a long entry, based on what ever analysis he has for a reversal of the current short-term trend.
Entry analysis can be based on : all types of S/R, Fibo, Candle Patterns, OB/OS levels, Divergence ... etc.

Example of a Long Entry based on Oversold and Bullish Divergence. GBP/USD H1 with x=8 for future candles.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 51 KB
No guts, no glory
  • #96
  • Edited 6:30am Jun 13, 2015 6:03am | Edited 6:30am
Important notice in the above chart (in lime) , and could be used to make the first EA version :

Price level of LVCs which represent a potential EXIT target for future entries, can be used as ENTRY points in the opposite direction.

EDIT :

OK, after reading this post, I think it can be miss-understood. So I will explain more:

- In the above example : a trader would have taken a long entry @ 1.5460 targeting the close of the candle with the first Blue Arrow @ 1.5525 (as the last 2 red, and 1 blue arrow would not have been appeared yet).

- What I tried to say in the Notice, is that price 1.5525 which represent a potential EXIT target for our long entry, can be used to take a Short trade. Because Closing a Long trade is essentially a Short trade. So if we take a Short trade @ 1.5525 after we close the long trade, we'll notice that after 4 candles from taking the short trade the first red arrow will appear to tell us the potential exit target @ around 1.4990 for our short trade. Once closed we can take a new Long Trade @ 1.4990, and by that time the second blue arrow would have already appeared for a potential target @ 1.5515.
No guts, no glory
  • #97
  • Edited 7:03am Jun 13, 2015 6:59am | Edited 7:03am
Quoting abokwaik
I still see some posts assuming that LVC arrows are for entry. LVC arrows appear after x number of following candles, the larger the number of following candles the more reliable the signals, but also become rare. The arrows are potential exit points for a counter trade. So for example if a Long Entry Target signal appears, the trader should start to evaluate a long entry, based on what ever analysis he has for a reversal of the current short-term trend. Entry analysis can be based on : all types of S/R, Fibo, Candle Patterns, OB/OS levels, Divergence...
Hello abokwaik,
now its very clear....
Thanks for your clear explanation.


Quoting abokwaik
Important notice in the above chart (in lime) , and could be used to make the first EA version : Price level of LVCs which represent a potential EXIT target for future entries, can be used as ENTRY points in the opposite direction. EDIT : OK, after reading this post, I think it can be miss-understood. So I will explain more: - In the above example : a trader would have taken a long entry @ 1.5460 targeting the close of the candle with the first Blue Arrow @ 1.5525 (as the last 2 red, and 1 blue arrow would not have been appeared yet). - What I tried to say in the Notice, is that price 1.5525 which represent a potential EXIT target for our long entry, can be used to take a Short trade. Because Closing a Long trade is essentially a Short trade. So if we take a Short trade @ 1.5525 after we close the long trade, we'll notice that after 4 candles from taking the short trade the first red arrow will appear to tell us the potential exit target @ around 1.4990 for our short trade. Once closed we can take a new Long Trade @ 1.4990, and by that time the second blue arrow would have already appeared for a potential target @ 1.5515.
I`m sure you mean an exit target of 1.5490 instead of 1.4990...right?
And therefore new Long Trade @ 1.5490 for a potential target @ 1.5515...
Have a nice day
  • #98
  • Jun 13, 2015 7:21am Jun 13, 2015 7:21am
{quote} I`m sure you mean an exit target of 1.5490 instead of 1.4990...right? And therefore new Long Trade @ 1.5490 for a potential target @ 1.5515...[/quote]

You're right , typo mistake.
No guts, no glory
  • #99
  • Edited 8:12am Jun 13, 2015 7:54am | Edited 8:12am
I also believe volume is important.
But IMO, what's high, what's low ? How is it significant? is it reliable?

Example
USDCAD 1 Min
High volume candles impulse UP (blue)
Low volume candles impulse DOWN (red)

Impulse UP > impulse DOWN
therefore buy the low volume candles (:

Attached Image (click to enlarge)
Click to Enlarge Name: 13-06-15-01.gif Size: 21 KB
  • #100
  • Jun 13, 2015 8:25am Jun 13, 2015 8:25am
Quoting Mingary
I also believe volume is important. But IMO, what's high, what's low ? How is it significant? is it reliable? Example USDCAD 1 Min High volume candles impulse UP (blue) Low volume candles impulse DOWN (red) Impulse UP > impulse DOWN therefore buy the low volume candles (: {image}
Hi Mingary,

This is your chart with Long Entry Target LVC on it.

Attached Image (click to enlarge)
Click to Enlarge Name: 13-06-15-01_mod.GIF Size: 23 KB
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