Mike Medved

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...

Ok, I added ZLMA. Also added ZLMA to all the other indicators that accept multiple MA types (such as MA Ribbons or MA Envelope). Also added ZLMA as an option to MACD and MACD Histogram. T3 stoch - would the algorithm be: 1. calc T3 2. find highest and lowest T3 over the T3 period - high and low 3. show (T3-low)*100/(high-low) ??

That's why we love and appreciate our beta testers.

The Range % parameter creates two bars where the volume between them is that % of the total. Those two bars are highlighted. If you "extend" the range, in addition to highlighting it also draws the lines. You can also set the parameter that will extend those lines to the next period.

Will look at this..

Sorry I didn't reply earlier. It is possible to do, but: 1. It will only work on tick-data. Won't work on aggregate backfilled data at all. 2. There would be two lines instead of the previous one. Wouldn't that make it a bit "busy"? 3. Using bid/ask volume for part of it and total volume for the rest of the calc would be inconsistent and I don't think would produce good results. But using it throughout is possible. Have you seen this done anywhere?

Sure - give me a link that discusses the algorithm/formula

... and Time Bar, and Number of Trades

There's no help yet

mmoy, something definitely hinky there. Can you export your setup *including* data, upload that somewhere and send us the URL for it to support. Thanks.

QT drawing tool for text does not word-wrap. What you can do, though, is hit enter at the end of the line to go to the next one - that is, you manually word wrap.

will be fixed in next release.

Will be fixed next release.

Do they have some kind of streaming quotes available to their customers? In any case, I just finished moving and Jerry is on the road in his move. I will point him to your post when he's available.

Renko Median - the guy who started those has given them up and does not recommend using them... Wicks on Renko charts - will do.

Fixed. Thanks for the report.