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 -- discounts are available after registering.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
Is there a version of this indicator or another similar one that shows Volume Percent at each swing instead of price move percent like this one does or is someone more familiar with NT coding able to add that to this one? I started looking into it but I am not super familiar with NT coding and it is going to take me a while to figure it out. I am willing to do that but I thought I would ask if someone else who could do it much quicker might be willing to help me out. So if the most recent swing is a high then I want to see the volume percent that this high has in relation to the volume of the last high. i.e. last swing high volume was 3000 and next swing high volume is 1500 so the percent shown on the 1500 swing high would be 50% because it has half the volume of the previous swing high.
Thanks!
ADDITONAL INFO ON THE STRATEGY IF INTERESTED
I like to use this in combination with trend pullbacks to fib levels to decide if I am going to take the continuation of the trend or not. So, for instance, if we are in an up trend and we make a new higher low and it is at a 50% retrace and the volume % is more than the previous swing then I consider this to be a kind of hidden divergence in that the price is higher than the last low but the volume to get there was more. If that is the case then a lot of volume tried to drive this short but it wasn't able to be pushed beyond the previous low that had less volume. If you combine order flow into this and see trapped traders on the turn, etc. you have a pretty good confluence of indications that this retrace may hold. To make it even more confirmed you could look for cumulative delta to be down from the previous swing low which indicates that the market order selling is increasing but just like with the volume they aren't able to drive the price lower than the last swing. That is yet another divergence. This actually opens up a whole other addition we could make to this indicator which would be to plot the Cumulative delta and its percent or ratio divided by the ticks it took to get there from the last swing low or even the last opposing swing and then plot percentages of those so we can figure out divergences based on that instead of just volume.
Bloodhound crashes when I try and choose this indicator to design with. Does anyone else have it working with Bloodhound and if not any idea why it is causing the crash. I am happy to change the code to work with Bloodhound but I would really prefer some direction rather than going through every single possibility from the Shark website. Thanks!
I decided to use the prior version but to get alerts you have to set the plot cell value to greater than 0, I set the exterior to transparent to avoid looking at 0s until the plots are true.
And strangely my NT8 crashed Friday, my Price Action Swing Indicators are missing from the Indicator list, I can't recompile , getting missing assembly errors for multiple files