Mike Medved

I will rephrase. I can possibly, in theory, show the values of EMA or the values of the pressure bars, not both (because it would be too jumbled together otherwise). I *chose*, when making the indicator, to show the EMA values because they are usually more significant.

I can show the values of EMA or the values of the pressure bars, not both (because it would be too jumbled together otherwise). The Pressure bars are too volatile - the values keep jumping - so the EMAs are more valuable to see. If you wish, you can set EMA period to 1 and then the value will be shown at the last pressure bar.

If you use Num of Trades as it is right now, put up two of them, set one to show "Only at Bid" and the other "Only at Ask" - wouldn't that do what you want?

1. Bring up a historical chart, for any symbol. Configure it the way you like it. 2. Link it by clicking on a little pin symbol in the caption of the window. Pick some color (let's say green) 3. Link your portfolio to the same color pin (that is, green) 4. Now clicking on a symbol in the portfolio will change the historical chart to that symbol.

Moving chart right-left - hover your mouse over the chart and use the wheel on the mouse. Zooming in/out - hover your mouse over the chart, press CTRL key and use the wheel on the mouse.

"Separate colours for Value (assume you are calling this range) and Mid" Can you explain? I am looking at VbP on intraday chart, and there is a range color and mid color. And I am not sure what "Value" is - "Range" shows the two bars that contain the "range percentage" of all volume between them. "Align RHS" Do you mean mirror them so they are drawn right to left instead of left to right? I haven't seen them done this way, and the "extend" lines - should they still go to the right?

VWAP: 1. added Weekly - will be next beta release 2. The width of the VWAP bands is multiplier times the standard deviation over a specified period. VbP Added weekly and monthly - but really don't see much value in the "weekly" ones.

I think when we do the Paintbars, one of the conditions of paintbars may be time-based, and one of the coloring options would be background color...

Sure, just create a custom time frame that includes those periods, and show the charts using it.

What should be the criteria for MT to decide at what precision to show those numbers?

If I understand you correctly, this is not a conventional method of calculating or displaying indicators... Can you link to someone doing this?

It encapsulates whatever hours are shown on the chart - that is, if you show pre/post market, it will take that into acct. The formulas are standard and can be googled. For example, this describes Standard and DeMark pivot points: http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:pivot_points

supply/demand - i really would need some link that discusses the mathematical formulas for the indicator...

1. Made pivots extend into padding space on hist charts. Next release. 2. It is problematic to show intraday time scale beyond current day. The chart literally doesn't know if tomorrow exists. It may not - maybe it is weekend or holiday. The chart doesn't calculate this going forward and it would take quite a bit of redoing things to do that. Same thing with historical charts X tick markings on padded area - the hist chart literally has no idea on what days in the future the data should exist and on what days it shouldn't. The way lines are extended into padded area is that their anchor points' X coordinate is stored as "this day in the past plus N candles/days". 3. Some pivot systems depend on current day's data but for some yes it is true. The problem here is plotting the next day or period's X ticks as I explained above...

Candlestick pattern spotter is easily implemented either by paintbars or by coding a custom indicator (which users will be able to do fairly easily in the future) The problem: there are SO MANY patterns and so many ways to define them. So I would prefer to leave it to users to do that. Maybe we will host a sub-forum here where people can discuss and exchange custom indicators like that.

It's the standard Bressert DSS formula: 1. Calc Highest High and Lowest Low for the period - HH and LL 2. Calc Value = 100*(Close-LL)/(HH-LL) 3. Get EMA(smooth) of Value = EMAValue 4. Get highest high and lowest low of EMAValue for the period - NewHH and NewLL 5. PreDSS = 100*(EMAValue-NewLL)/(NewHH-NewLL) 6. DSS = EMA(smooth) of PreDSS 7. Plot DSS In the future, I think we will release the source of all (most?) indicators. Both so that these kinds of questions can be answered and as models for people who will write their own indicators to include in MT.

Oops. Yes. The volume on Ask is positive because it is presumed it is a buy. And the opposite for the volume on Bid.

For each candle, 100*(Total Positive (on bid) Volume - Total Negative (on ask) Volume) / Total volume

I looked at this problem over the weekend. I think I got it licked. Will be in next released version.

Bids/Asks belong to "ticks" - that is, individual trades. Thus, they can be plotted only on time-based charts. There is just no X coordinate I can give to a particular Bid/Ask pair on a tick-candle chart (or range-candle chart etc)...

Thank you, vrtrader64. I checked the formula and it is correct. Note that it uses Wilder's smoothing, not the standard EMA kind.

What does "control the formula" mean?

inspired, we usually don't discuss the efficacy of indicators, that's beyond our job description What we're concerned about is whether the indicators we have are correct (that is, we didn't screw up coding them) and whether their visuals are convenient for users.

If any of you guys has experience using these indicators, please audit them in MT. I added them (they will be in next version). "Combo" is just an option in the DeMark Sequential. Tell me what you think - both on whether it is accurate and whether the display is reasonable. One thing: right now the indicator works on all candles except the last one. The last one is not taken into account. That is done because if the last candle was considered in calculation, Setups and Countdowns would conceivably appear/disappear/appear again as the last candle was being built, I thought it would be confusing (and would slow charts down). Is that acceptable? Thanks Mike

Peter, have you looked at the regression channels indicators in MT? This one: http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:raff_regression_chan - is not an indicator, it is an annotation...