MTG
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Posts posted by MTG
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Hi Mike,
I have 2 ideas I'm hoping you might consider adding.
1. In the level II window, there's a column called "$ volume" which is the bid/ask volume*price. Could that be made a column for the watchlist and a variable for the scanner please?
2. In the level II window there's a vertical line (circled) which indicates the ratio of buy to sell orders. Could that be made a numerical value for the watchlist and scanner too please? eg. a value between 0 and 1, where 0.5 is an equal number of buy & sell orders.
Thanks very much.
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Hi Mike,
I love this indicator, but it still feels unfinished. It would be a masterpiece if there was a just one more tweak. If we could make the first and second points major fractal truning points - not as an option, but as a fixed thing - then only the very best lines remain. I think that will mean more people will use it. It would tidy it up nicely.
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Candlevolume charts?
Would be nice.
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Thanks again. I've been trying to reproduce it. The following plots something quite interesting, but different to MT version.
b = Param("b",100,1,1000,1); // number of bars to perform calcs on
EMAVol = EMA(Volume,b); // EMA of volume based on 'b' bars of data
emamax = HHV(EMAVol ,b); // highest value of EMA volume in last 'b' bars
average = Sum(Volume,b)/b; //average volume in last 'b' bars
mx = HHV(Volume,b); // highest value of volume over the last 'b' bars. Using variable 'mx' instead of 'max'.
croppedVol= max(emamax,Min(average *6, mx * 1.02) ) ;
Plot( croppedVol, "",colorGreen, styleHistogram); -
On 12/30/2017 at 4:47 PM, Mike Medved said:
Max(emamax, Min(average * 6, max * 1.02) )
Mike, does the first mention of 'max' return the maximum of the 2 parameters in parentheses? It's different to the second mention of 'max', yes?
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Thanks Mike.
I've never seen this sort of treatment of volume on any other platforms, but it allows a much better visualization of accumulation in microcap stocks which can have enormous one day spikes in volume.
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Quick volume question for Jerry/Mike. How do you code "not scale by max" in relation to the volume plot? Thanks.
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Hi Mike,
I've been looking at how the wave volume works in real trading and I think it's worthwhile, even though it necessarily has some forward looking bias. So long as one waits for the completion of the previous wave, all is good. Particularly useful when applied to a range candle chart.
This video explains it nicely. https://www.youtube.com/watch?v=DzpTeFhBvYo
What would be most helpful is to color the candle at which the previous wave is completed, as an indicator that the signal is now valid.
Thanks for having another look.
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29 minutes ago, Mike Medved said:
I think Weis is using ATR, not percentages or points, for the ZigZag.
I will add the ATR parameter to our ZigZag, then do your ZigZag Volume thing. As an aside - $500 for an indicator? Really? I'd be rolling in $.
Sorry, yes he does use ATR to prevent future leak bias.
It's based on Wyckoff method, and that name holds a lot of sway in trading as you know. The coding for it would be very basic. $500 is totally ridiculous, I agree.
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Weis uses close for the zigzag, and I notice that's possible with MT. So yes is the answer. Thanks Mike.
I think the sensitivity will need to be a lot finer for the % change. Like say 0.00001 up/down arrow increments.
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Hi Jerry,
A cumulative volume for each zig-zag swing. As per Weis. Separate window. Thanks.
Looks like this- https://tradingpsychologyedge.com/weiswave/
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Yes I checked that. They definitely weren't minimized - nothing at all was open as depth or charts. However after Win10 updates and several restarts it's working again. Thanks Jerry.
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Jerry, MT is telling me I'm not allowed to have more than 2 charts open, and I haven't got any open at all.
Thanks.
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Hi Jerry,
Bell Direct AU can filter the entire stock market (2500+ stocks) based on criteria the user chooses. It has an export facility (circled), and I'm hoping we could have a one click import of the stock codes shown on the page. They'd just need an :ASX suffix attached, and have them appear in the "add symbols" window. .
Thanks.
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Hi Jerry,
The scan start icon isn't clickable for custom scans, only for pre-defined ones. The other day it worked ok. Market is in session.
Thanks.
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Actually this might not work for me. Live data is fairly expensive.
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Is there a way to combine scan parameters?
eg. turnover > $10 mill AND % gain > 5?
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Hi Jerry,
Fantastic new feature, thanks.
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Hi Jerry,
Can we have MT query au.advfn for it's tops list gainers please for ASX? Say the first 3 pages would be great. ADVFN has built in filters which cuts down on a lot of work.
https://au.advfn.com/insights/toplist/ASX/percentage-gainer/price/2
You might need an account. Free to sign up.
Thanks.
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Thanks. Pw reset working now. Not sure why I had problems before.
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Hi Jerry,
I like the idea of being able to filter an entire stock universe, but I'd like to be a reasonably quick process.
eg. Show only stocks where ROC > 2 AND ATR(1) > 5 and turnover > 10 million.
Thanks a lot.
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Hi Jerry,
I've been trying to migrate to a new computer and MT is saying the p/w or email are incorrect. So I deleted the MT folder and re-downloaded. Then Panda AV says "w32/Exploit.gen" detected in the downloaded file.
So two questions - 1) how to start up on a new PC? and 2) What's the AV detecting?
Thanks!
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I can't seem to 'Nail' the MT window for permanence. Is it just me?
Thanks Jerry.
http://www.softpedia.com/get/Desktop-Enhancements/Other-Desktop-Enhancements/Nail-it.shtml
'$ volume' and 'balance of buy/sell volume' as watchlist and scanner variables
in Feature Requests
Posted
I did what you suggested and it works nicely thanks.
The L2 bidder/seller ratio is such a useful filter, if you think there might be a way to do it.