Time Volume Accumulation.

[Drakmyre]

Hey Everyone,

In this month's SC Magazine there's a formula for a volume indicator. The formula is as follows:,

MovingAvg(Volume*(Close-Close.1)/(True High - True Low),NumBars)

How to make an indicator with that is why I'm asking if anyone else has read this article and/or knows how to program the formula.

Thanks in advance!

[NinjaTrader_Bertrand]

Hi drakmyre, I'm not sure to which article you exactly refer to, but please check into this post to our sharing section - http://www.ninjatrader-support2.com/vb/local_links.php?action=jump&id=232&catid=1

[Drakmyre]

Hey Bertrand,

It's the one from the November issue written by Michael Carr titled "Do you need volume to move stocks higher?"

[NinjaTrader_Bertrand]

Thanks Drakmyre, will have a look, unfortunately I'm not aware of this already created...

[lordbinder]

please explain

Close.1 , is it previous close?

true high and true low?

some explanation of the use of the indicator?

[Drakmyre]

Hey Everyone,

Bertrand, it was shown in the article but as for NinjaTrader, I don't think it was made.

LordBinder, it seems to be an Crossover indicator of volume on days when it is extraordinary.

[lordbinder]

we are willing to code it but :

Close.1 , is it previous close?

true high and true low are some particular formula or value?

[NinjaTrader_Bertrand]

I believe so lordbinder, perhaps Drakmyre can share which original notation / langugage was used for the formula he posted.

True High is the greater one of the previous close or the current high accounting for gaps, vice versa for the True Low.

[lordbinder]

another piece of vital information should be the default moving average period, it should be stated in the article

[Drakmyre]

Hey Everyone,

To be honest, it doesn't say which program he used. All I can see is what program he used to chart it. Also, since he seems to describe how volume and thus price reacts to major movements I believe Close.1 means Close-1(the day before). Default averages are 8 and 10.

[NinjaTrader_Austin]

Hi all, I've converted a few of these S&C snippets in the past few months, and they are typically written in Easy Language or just plain pseudo-code.

I'm guessing Close.1 means either the previous close, or if it is a multi-instrument strategy it could be the secondary instrument's close.

[lordbinder]

well taking into account the remark by Bertrand regarding true high and low, and choosing the 10 period moving average since it represents 2 weeks in a daily chart it should look like this in the rct index data from yahoo, made by one of our programmers. Now since you are the one that read the article how this should be interpreted?

7514

[Drakmyre]

[quote=lordbinder;122615]well taking into account the remark by Bertrand regarding true high and low, and choosing the 10 period moving average since it represents 2 weeks in a daily chart it should look like this in the rct index data from yahoo, made by one of our programmers. Now since you are the one that read the article how this should be interpreted?

Hey Lordbinder,

Thanks!

The way he describes it is that when there is a big move, that more than likely it will be accompanied by a volume surge that's over the volume average and not just a big number. That or just a moving average crossover of the 10 and 8. As for why they use the longer one instead of the shorter, I don't know. Maybe it's a misprint.

[lordbinder]

here it is, since it has a zero line, red is when the end point is below the zero line

7529

[Drakmyre]

here it is, since it has a zero line, red is when the end point is below the zero line

7529

You're the man! I owe you! :).

[cunparis]

How do we use this? I thew it on a chart but I'm not sure what I'm supposed to be looking for.

[Drakmyre]

How do we use this? I thew it on a chart but I'm not sure what I'm supposed to be looking for.

Hey,

The way he describes it is that when there is a big move, that more than likely it will be accompanied by a volume surge that's over the volume average and not just a big number. That or just a moving average crossover of the 10 and 8. As for why they use the longer one instead of the shorter, I don't know. Maybe it's a misprint. That's only my theory, so I guess I'll have to refer you to his article to be sure.

By the way, how did you get it to draw two lines? Did you just plot two of them in the same frame?

[Drakmyre]

LordBinder,

What is the file named once it gets imported?

[cunparis]

Hey,

The way he describes it is that when there is a big move, that more than likely it will be accompanied by a volume surge that's over the volume average and not just a big number. That or just a moving average crossover of the 10 and 8. As for why they use the longer one instead of the shorter, I don't know. Maybe it's a misprint. That's only my theory, so I guess I'll have to refer you to his article to be sure.

By the way, how did you get it to draw two lines? Did you just plot two of them in the same frame?

Yes I added two to the same panel.

Why not just look at the volume histogram? I don't see the need for this other than to get published.

[Drakmyre]

Yes I added two to the same panel.

Why not just look at the volume histogram? I don't see the need for this other than to get published.

Hello,

You're probably right. I just wanted to see if it was different. Thankfully someone was nice enough to try it.

[lordbinder]

actually I thought the same, I don't see something that would go further than other volume indicators. I follow it a little and there is nothing conclusive, just helps to spot some divergences, there is plenty of indicators volume based or not that will spot the same divergences

Either way I should read the article to be sure, maybe is more than meets the eye but I doubt it

The name of the indicator after imported is "Terminus Time..."

[Drakmyre]

Hey Everyone,

I meant in the "Edit Indicator" menu. I can't seem to find it. :(.

[NinjaTrader_Bertrand]

lordbinder, thanks for sharing this indicator - however could you please repost it as source file export, since we do not allow posting of compiled assemblies for securitiy reasons - thanks.