Rank: Advanced Member
Groups: Registered, Registered Users
Joined: 3/23/2005(UTC)
Posts: 37
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Gentlemen and Ladies - i neeed a little help with this.
Ok you know how there's a built in "Volume" indicator within MS. Does any one know if there's an indicator which has the following ability to plot the total up volume (displayed as a positive value) down volume (displayed as a negative value) plus have the regular total volume MS indicator plotted also within the same window?
I was just wanting to see if it’s possible to track which side of the total volume is strongest the Buyers or Sellers during a given period. Like if you are watching the price ladder within a trading platform. Does that make any sense?
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Rank: Advanced Member
Groups: Registered, Registered Users
Joined: 1/19/2005(UTC)
Posts: 1,065
Location: Koh Pha-Ngan, Earth
Was thanked: 2 time(s) in 2 post(s)
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Maybe this indicator from MetaStockTools.com can help:
"Swing Volume - Averages Volume along Up/Downside swings - with multiple output choice."
jose '-)
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Rank: Advanced Member
Groups: Registered, Registered Users, Subscribers
Joined: 3/7/2005(UTC)
Posts: 1,346
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hey underground.... if your talking about a running total, summed, the 2 plots would diverge tremendously ... one being positive and one negative....
you can plot the standard daily volume in up/down histogram style.... the plot at first is squiggly lines, click on each and change style to histogram.... one red , the other green.... then drop the normal volume on top of that plot.....h
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a:= If(V>Ref(V,-1),V,0); {up}
aa:= If(V<Ref(V,-1),V*-1,0); {down}
a;
aa;
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