Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
Magenta bars point to a wide ranging high volume bar. This color is final.
Yellow bars are churn bars, which can disappear intra-bar, if the range expands on low volume.
White bars are low volume bars, which will only be detected when a bar is near completion.
If you have a problem, it is also possible that you have a cheap data provider and that your real-time volume is not consistent with historical volume.
When you refresh via F5, real-time volume is replaced with historical volume, which is consistent with the prior bars.
In such a case you would need to change your data supplier.
Hi Thanks guys I have downloaded the latest version, I have tried setting "on bar close" to False, but I still have the same problem. I think it probably is my data supplier, since it's a free data supplier that makes the most sense.
Thanks for the help. Better Volume is definitely one of the best indicators I've ever had for understanding what's going on in markets.
The Better Volume indicator is an old indicator, which - as far as I know - was developed by Barry Taylor from Emini Trading & How to Day Trade | Emini-Watch.com. I have first seen it on the NinjaTrader forum, and then made a few improvements. Currently, there are several versions available
The indicator is very useful for understanding volume, but has its limitations when directly used for intraday trading. One of the major problems is that it looks for a new 20-bar high for volume or range. This does not work in the beginning of the regular session. On an ETH chart the indicator overreacts due to low pre-session volume. On a RTH chart the indicator does not find any exiting bars as long as the current bars are compared against the closing volume of the prior session. For example, if you use the indicator on a 3 min chart, you cannot rely on any signals during the first hour of the regular session.
Volume spread analysis (VSA) is certainly a good approach, but this indicator needs to be further developed to become a useful tool.
First: I really thank you for you great indicators and for sharing here, they really help on trading without a doubt,
Second: It is possible for you to rethink the better volume indicator using the Relative volume setup??, have the climax up and down, the churn bar etc... but applied to the relative volume?? I have seen and I´m quite sure it is your very code... at trade-the-plan dot com website somethig similar, the idea tough seems interesting...
hi sir
i have one suggestion to improve this indicator, can we use relative volume instead of using last 20 bar for volume comparison,
lets assume if we are analyzing first 5 min candle of open than we may compare of today 5 min bar with 5 min opening bar of last 20 days, so we can analyze not also today opening candle but also we may analyze choppy time of noon session more correctly
i am not a programmer so i can't work this idea myself
sorry for that
Side question have you put any thought into codng up improved versions of the better sine, pro-amateur bars as well. I do have the originals, and it looks like Barry has moved into consolidating the three time frames into one chart and having the cluster of all three confirm entries. Would love to see a FatTails version of this and think most wouldn't even mind paying something for that. Would be great to get your thoughts, thank you