Well. As shown before, tick activity rate is approximately constant over a candle’s lifetime. From this point we are able to derive buying/selling volume from MT4s standard volume. Under the above assumption it should be equal the ratio of up/down prize path to the overall prize path. Thus, if we’re looking for up volume in an up-bar, we can…[Read more]

@Anti:

Could you provide some conceptual background about this special part of the algorithm:

if (Close>Open)
buff=((High-Low)*MathPow(2*High-2*Low+Open-Close,-1))*iVolume(NULL,0,i);
else if (Close<Open)
buff=((High-Open+Close-Low)*MathPow(2*High-2*Low-Open+Close,-1))*iVolume(NULL,0,i);
else
buff=iVolume(NULL,0,i)/2;


s.

As already explained: a “Tick”, in the FX “Volume” parameter, is one price change.

If the “Tick” caused price to go up, what is the volume direction of that tick?

G.

Just adding one idea. From results of my experiment I conclude that it should be possile to estimate up and down volume by calculating proportions of up/down ticks in relation to total tick volume. Maybe we could apply it on @simplex indicator to obtain possible volume direction.

Your assumptions regarding Volume and price movement are wrong.

Almost all Doji (or near Doji) bars  have high Volume…with almost “0” price movement.

Volume is a LEADING indicator, and as such it will indicate near future move or reversal.

If you are familiar with correlation and its math – using tick data you can analyze which one is the “…[Read more]

Although @gg53 won’t read our posts anymore and won’t give us any guidance, I’d like to continue the discussion gg53 started and request for further contributers.

The last open question was “How to identify trend”. As @simplex asked me to explain my favorite method in detail, I will do now. As some of you may know, I posted in another place on…[Read more]

Thank you, @simplex. I extended my analysis over 2,143,688 M1 bars. It took roughly 4 hours for calculations due to my lame PC. Nevertheless, again all correlations were highly significant and the correlation between volume and prize path showed again highest coefficients.

Thus, I’d summarize that prize path is proportional to volume itself. From…[Read more]

Thank you, @simplex. I extended my analysis over 2,143,688 M1 bars. It took roughly 4 hours for calculations due to my lame PC. Nevertheless, again all correlations were highly significant and the correlation between volume and prize path showed again highest coefficients.

Thus, I’d summarize that prize path is proportional to volume itself. From…[Read more]

Thank you, @simplex. I extended my analysis over 2,143,688 M1 bars. It took roughly 4 hours for calculations due to my lame PC. Nevertheless, again all correlations were highly significant and the correlation between volume and prize path showed again highest coefficients.

Thus, I’d summarize that prize path is proportional to volume itself. From…[Read more]

Thank you, @simplex. I extended my analysis over 2,143,688 M1 bars. It took roughly 4 hours for calculations due to my lame PC. Nevertheless, again all correlations were highly significant and the correlation between volume and prize path showed again highest coefficients.

Thus, I’d summarize that prize path is proportional to volume itself. From…[Read more]

So, this is my sonar tool. This can be wrong though ….

I found a bug in my code, it seems not difficult to solve. Will upload the code soon, after testing it …

@simplex:

Thank you for your code bro, will try this toy …

HI, @Simplex, thanks for the indicator, to a non-coder like me, reading your code is a real pleasure.  
It took me a while to understand how it works but it is now clear and greatly configurable thanks to the various options.

Suggestions and recommendations:

– Tested on a 1 minute chart, the indicator actually not refresh on …[Read more]

HI, @Simplex, thanks for the indicator, to a non-coder like me, reading your code is a real pleasure.  
It took me a while to understand how it works but it is now clear and greatly configurable thanks to the various options.

Suggestions and recommendations:

– Tested on a 1 minute chart, the indicator actually not refresh on …[Read more]

HI, @Simplex, thanks for the indicator, to a non-coder like me, reading your code is a real pleasure.  
It took me a while to understand how it works but it is now clear and greatly configurable thanks to the various options.

Suggestions and recommendations:

– Tested on a 1 minute chart, the indicator actually not refresh on …[Read more]

Gadi_NormalizedVolume is an HISTOGRAM, and as such it ALWAYS start at the same “0” level – so it’s always goes as horizontal, while the chart can go in diagonal way.

Volume level doesn’t directly relate to the absolute position on the chart, or “river bed”. It relates to the amount of a specific bar. It’s the same as RSI, CCI, Stochastic,…[Read more]

Gadi_NormalizedVolume is an HISTOGRAM, and as such it ALWAYS start at the same “0” level – so it’s always goes as horizontal, while he chart can go in diagonal way.

Volume level doesn’t directly relate to the absolute position on the chart, or “river bed”. It relates to the amount of a specific bar. It’s the same as RSI, CCI, Stochastic, MACD,…[Read more]

Gadi_NormalizedVolume is an HISTOGRAM, and as such it ALWAYS start at the same “0” level – so it’s always goes as horizontal, while he chart can go in diagonal way.

Volume level doesn’t directly relate to the absolute position on the chart, or “river bed”. It relates to the amount of a specific bar. It’s the same as RSI, CCI, Stochastic, etc,…[Read more]

Thanks @gg53, @pipatronic & @simplex. Mabye thus we should first identify scenarios in which the river don’t go back to its bed.

Thanks @gg53 & @simplex. Mabye thus we should first identify scenarios in which the river don’t go back to its bed.