OK, so it seems to me that the best moves on an intraday time frame are preceded by stop runs. Most indicators give the opposite signals (do not go long or go short) say when price dips below a previous swing in an uptrend then turns positive. Anyone know if there's an indicator that spots this?
Thanks in advanced,
moneypenny

but that is an interesting question.

I played around with that idea a few years ago.

If you use a fixed range chart, and calculate (bid volume - ask volume)/total volume. The closer to 1 or -1 it reads the more one sided the move was, which is what happens when stops get hit.

Thanks for the replies addchild and wildman. Since I'm not a programmer, I'll have to see what I can 'scrounge' up addchild. Thanks s much for the idea!!
moneypenny

addchild - I have a volume delta histogram from Ninjacators which gives the delta for actual transactions rather than bids/asks. Do you think that would work?
moneypenny

moneypenny 

addchild - I have a volume delta histogram from Ninjacators which gives the delta for actual transactions rather than bids/asks. Do you think that would work? moneypenny

As long as the sum of all the transactions are equal to the total volume.

Sent from my toilet.

I don't think it is the right indicator... I'll keep looking.

moneypenny 

I don't think it is the right indicator... I'll keep looking.

GOM volume ladder gives bid and ask volumes...the difference between the 2 is in a red or green box at the bottom of the chart.

However I could find no instances where the formula generated a 1 or -1. (but i haven't looked that long either)

moneypenny 

I don't think it is the right indicator... I'll keep looking.

it should look something like this
subgraph 1 = volume
subgraph 2 = bid volume + ask volume (this should be the same as volume)
subgraph 3 = bid volume - ask volume

and finally what I was referring to,
subgraph 4 = (bid volume - ask volume) / (bid volume + ask volume)