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Cory's VolumeStopV3 (and now V4) - Worth A Look!


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Cory's VolumeStopV3 (and now V4) - Worth A Look!

  #211 (permalink)
 
Royal Flush's Avatar
 Royal Flush 
Stanstead, Quebec, Canada
 
Experience: Intermediate
Platform: NinjaTrader
Trading: CL
Posts: 122 since Dec 2010
Thanks Given: 71
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Cory, I just want to extend my gratitude for creating such a great indicator. Here it is on an ES 377 Tick chart. This is with an IB efeed and they bundle their ticks so it is similar to a regular feed of a much greater # of ticks.

I would like to understand the indicator better. If you look at the diagonal arrow you will note a diamond on an hvc. I thought that diamonds only occurred on low volume candles and that is why they are not very reliable. Would you please explain as I think that if I understnd the indicator better I will be able to use it more efficiently.


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  #212 (permalink)
 
cory's Avatar
 cory 
virginia
 
Experience: Intermediate
Platform: ninja
Trading: NQ
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Royal Flush View Post
Cory, I just want to extend my gratitude for creating such a great indicator. Here it is on an ES 377 Tick chart. This is with an IB efeed and they bundle their ticks so it is similar to a regular feed of a much greater # of ticks.

I would like to understand the indicator better. If you look at the diagonal arrow you will note a diamond on an hvc. I thought that diamonds only occurred on low volume candles and that is why they are not very reliable. Would you please explain as I think that if I understnd the indicator better I will be able to use it more efficiently.

triangle = 3 volume bars and 3 price bars meet slope down/ slope up criteria,
diamond = any 2 out of 3 volume bars and 3 price bars meet slope down/ slope up criteria thus the weaker signal.
if my explanation about volume slope down/slope up is insufficient try the new ebook 'mastering your trade' from tradershelpdesk.com it may explain the concept of volume slope better.

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  #213 (permalink)
 
Goldstone15's Avatar
 Goldstone15 
Los Angeles, CA
 
Experience: None
Platform: NinjaTrader
Trading: CL ES
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Anyone have this coded as a strategy? I'd be interested in testing a few things with it. Thanks.

Before you attempt to beat the odds, make sure you can survive the odds beating you.
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  #214 (permalink)
 
Royal Flush's Avatar
 Royal Flush 
Stanstead, Quebec, Canada
 
Experience: Intermediate
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cory View Post
triangle = 3 volume bars and 3 price bars meet slope down/ slope up criteria,
diamond = any 2 out of 3 volume bars and 3 price bars meet slope down/ slope up criteria thus the weaker signal.
if my explanation about volume slope down/slope up is insufficient try the new ebook 'mastering your trade' from tradershelpdesk.com it may explain the concept of volume slope better.

Thanks Cory, do you have a favorite type of chart that you use the VolStop on to trade ES, if so would you please share it? I like to use it for S/R levels setting stops 1 tick beyond the dots to sweep me in when S/R is broken, plus as a setup of course. I presently use it on 2 Tick charts, a 4 Range chart and a 5 Min chart.

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  #215 (permalink)
 
cory's Avatar
 cory 
virginia
 
Experience: Intermediate
Platform: ninja
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Royal Flush View Post
Thanks Cory, do you have a favorite type of chart that you use the VolStop on to trade ES, if so would you please share it? I like to use it for S/R levels setting stops 1 tick beyond the dots to sweep me in when S/R is broken.

the guy (Jack) who teaches the concept uses time chart only. But I use all types of charts, use what looks good to you except volume chart since it needs volume slope.

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  #216 (permalink)
 
Joseph689's Avatar
 Joseph689 
San Jose, Ca
 
Experience: Beginner
Platform: MetaTrader 4
Broker: Interactive Brokers
Trading: Forex
Posts: 121 since Sep 2012
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Greetings,

Whats the latest version of VolumeStop now...and is it here?

Thanks.

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  #217 (permalink)
 
JDNeeman's Avatar
 JDNeeman 
El Salvador/Israel
 
Experience: Intermediate
Platform: Ninjatrader 7
Broker: GlobalFutures/AMPClearing
Trading: CL, GC, TF
Posts: 522 since Apr 2012

Hello @cory,

Jus a quick question where i can download your HILO indicator??

Thanks!!

JD


gio5959 View Post
cory

your volumestop is right in line with fib clusters

follow the arrows and price and you will see what i mean

good job


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  #218 (permalink)
 
cory's Avatar
 cory 
virginia
 
Experience: Intermediate
Platform: ninja
Trading: NQ
Posts: 6,098 since Jun 2009
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JDNeeman View Post
Hello @cory,

Jus a quick question where i can download your HILO indicator??

Thanks!!

JD

use attachment search, type in key word: hilo
https://nexusfi.com/search/attachments/

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  #219 (permalink)
shanemcdonald28
new york
 
Posts: 355 since Mar 2012
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hi
Is big mikes the only place to get this indicator ?
I am not an elite member.

thanks

shane

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  #220 (permalink)
kavklov
curitiba
 
Posts: 34 since Aug 2012
Thanks Given: 2
Thanks Received: 7



cory View Post
diamond is a less than perfect rule but it is still worth a look. triangle is strictly text book rule. yes v3 is the same as v2 with s/r levels.

HI Cory,

I am a big fan of this indicator. I trade ES and German index. I would like to know if it is possible to have a version that it will show when a volume bar has more of 65% buy or sell.
I.E.: If a 5 minutes chart has a volume bar that sell > than buy, it will give an alert and vice versa for buy.
Why I am asking that? I notice that when the indicator gives an alert and the volume bar has more than 65% buy/sell the signal is more reliable.
Best rgds,

Kavklov

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