Details about what the indicator is and does can be found at the above link. This version is a minor update, and the script was updated by @Zondor. Thanks to him for that!
He made some changes to the original for optimization, and cleaned the script up a bit. There is still plenty that could be done to make the indicator better which I have not done yet.
Note: This indie still uses the old version of FT's VWAP(version33).
January 4th, 2012
Size: 15.35 KB
Downloaded: 674 times
1081
forrestang
This is a tool for use with the JPerl thread from a while ago on Traders Laboratory.
This is an update from these old versions THIS, and then THIS. All of this was done from scratch recently so there may be errors?
To find out more about the method or to see the videos, look HERE.
This indicator includes a Peak-Volume-Price(PVP) and its volume histogram. Also shown is the historical movement of the PVP. The PvP has several calculations for the 'Typical Price.' Which includes Close, HLC/3, OHLC/4, HL/2... AND the ability to use the volume counted, and evenly distributed amongst each price on that bar, this option does use more CPU cycles.
The Volume-Weighted-Average-Price(VWAP) is also there. It has the same 'typical price' calcs as the above, but w/o the ability of attaching evenly distributed volume amongst each price.
PRICE MODE(FOR FX): With both of these tools, the traditional volume calculations are there. But also has the ability to substitute in the price bars metrics, INSTEAD of the traditional volume. This might be useful for trading FX, as the typical volume tools look VERY similar to my way of using the bar's metrics instead of volume. To access the Price-Mode, set "Use Volume=false" in setup screen.
You can modify the profile to be drawn with rectangles which looks smoother, or with lines. The color is customizeable as is the amount of each session occupied by it, a percentage width option. The drawing of the profile does eat some CPU cycles, so if not necessary it can be disabled via "Show Volume Profile."
Updates to come as I am interested in studying this data in tabular form, so I'll post updates when I think about it.
Note: If you find bugs, have feature requests, or anything else, post in THIS thread.
This is a simple indicator that highlights the maximum volume achieved during the day... AS IT DEVELOPS.
The max volume is reset at the START of your session template's start time, and as a newer higher volume is made, that bar is highlighted. You can select the color of the volume plot in the 'plots' section, and the color of the highlight you desire in the 'parameters section.
This indicator update onEachTic() like the standard volume indicator does.
There is not much to this indicator, but someone requested it in THIS thread. By the time I got around to building it, someone already posted one, so I did not post this version. Just posting it in the case someone else needs such an indie.
Again, this was not my idea, but was built on someone else's specs in the above thread.
Note: If you find bugs, have feature requests, or anything else, post in THIS thread.
Fractals are a common bar pattern, created in a consecutive 3-bar series, where the bar in the middle is higher than the two on either side. This creates a fractal high.
In this indicator, that is created by what I have labeled as "Level 1." (see properties section in image).
This indicator also creates FRACTALS OF FRACTALS. So that means, if a Level 1 fractal exists, and has a LOWER Level 1 fractal on both sides of it, it creates a Level 2 fractal high.
This is done up to Level 5, and creates a series of swing points.
The indicator can display dots or numbers.
The parameter labeled "show triggers" shows an arrow with the corresponding color, WHERE on the chart the most recent fractal swing was actually confirmed. I.e., a Level 1 fractal high is confirmed at the END of the third bar.
The marker offset simply raises the marker text higher or lower above the bar.
I dunno what use this has, but is one of the experiments I have laying around, so thought I'd post it?
NOTE: Installing this indicator will create a folder called "BTMM," that's where the indicator will be.
Note: If you find bugs, have feature requests, or anything else, post in THIS thread.
This is a simple indicator that allows you to plot the day of the week name on the sessions bar's start. You can name the days whatever you want(Mon,Monday,M), by manipulating the "Day Names" section.
If the day isn't labeled the way you want... E.g., the first session on a Forex template is Sunday, but if I want it to say "Monday," you can input "Monday" in the "Day1" text field.
This indicator works onEachTic, and will work on Daily and Intraday charts.
This indicator was created from specs in THIS post.
NOTE: Installing this indicator will create a folder called "BTMM," that's where the indicator will be.
---EDIT - V2 3March2022---
Adding an input, so that you can affix the labels to the BOTTOM of the chart.
March 3rd, 2022
Size: 4.12 KB
Downloaded: 256 times
2496
forrestang
Note: If you find bugs, have feature requests, or anything else, post in THIS thread.
This is a simple indicator, that plots the prior day's HIGH/LOW, and shows lines that have not yet been broken. Highs/Lows are based on your session template.
The lines are PERSISTENT, and will remain on-chart until they are broken.
You can either remove broken lines completely, or show WHERE the line was broken with the use of the User Input called "Remove Touched Lines Completely." The image shows this.
This indicator will function OnEachTic if desired, or OnBarClose.
Other inputs should be self-explanatory.
NOTE: Installing this indicator will create a folder called "BTMM," that's where the indicator will be.
Explanation on how to set this indicator up, and copy values into excel are here:
The specs for the indicator are as follows:
Quoting
1) Excel sheet : Columns
Date , Volume , High , Low and Closing Prices
2) Day types : Buying Day (1) , Selling Day (2), Sell Short Day (3)
3) Collect the data as stated in step 1) for the past 10 days . Lowest price of the 10 day's Low column can be named Buy Day (1)....from there naming is automatic .. Next day (2) is Sell day and following day (3) is sell short day
4) Ideally on Buy Day (1) , low needs to be made first . (Buy day column cell can turn green if this condition is true) . For other 2 days high needs to be made first (Buy day column cell can turn red if this condition is true)
5) Once Sequence is identified, it should continued for every day market Opens, even for few hours . Holidays should not be counted.
6) The (D) Decline Column : The difference between previous day high and today's low
7) The (R) Rally Column : The difference between previous day low and today's high
8) The (BH) buying High Column : The difference between today's high and previous day high
9) The (BU) buying Under Column : The difference between today's low and previous day low
This is an indicator based on a read many years ago by THIS book.
The indicator simply plots a reflection that is flipped about the X AND Y axis, which is a forward projection of the path of price.
You can set the lookback period, which is how many bars back to plot the forward projection. There are also "Entry Arrows" which simply paint based on the conditions in the book.
Basic idea is to capture trends and not chase the tops/bottoms.
I have the pdf, and you can likely find it online pretty easily if need be. Details of the theory is best found there.
My Take: Absolutely nothing special about this, as anything publicly available or sold is likely rubbish. But just cleaning out some things on my PC so figured I'd post in case anyone else was ever interested in such a thing.
January 23rd, 2012 03:32 PM rainbowchaser Thanks Forrestang. I've looking to learn about the VWAP anf how to us it so this comes very handy. Thanks for sharing.
August 3rd, 2011 01:21 AM djkiwi Thanks for doing this, great work....
September 30th, 2021 09:21 PM golfman Here's a link to the image in my Dropbox - https://www.dropbox.com/s/1v14poe69uil17w/Future%20IO%20error.png?dl=0
Hope this one works.
Thx!
September 30th, 2021 09:20 PM golfman Hello,
I try to install this file & got this error message, can you please help & direct me so I can use this indicator.
Thanks in advance for your help.
Chas
January 4th, 2021 07:28 PM Andrewt thanks very much, very handy indi
January 4th, 2021 03:46 PM racecarjw Thank you for your generosity to share the work on your indicator.
January 23rd, 2021 02:22 PM shaisamuel Thanks, it looks great. I would love to test it using BloodHound, But for some reason BH doesn't see it, any idea why?
Thanks a lot for sharing.
December 14th, 2020 12:24 PM Buscador Many Thanks.
I'll test it since it is new for me and don't know how it'll work on Range bars.