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    Weis Wave Delta

    Hi GillRymhes,

    Could you please explain the added values and how Weis Wave Delta is different from Dorschden's Price Action Swing (PAS - >45,000 downloads on Futures.io) indicator, since PAS already provides the same delta for swing price and volume.

    Cheers!

    #2
    Hi Aligator,
    Dorschden's PAS has not any volume delta values of the swings. I modified the code to show only the volume of the swing and the volume deltas. The indicator has been delted from the users indicators page.

    Comment


      #3
      Originally posted by GillRymhes View Post
      Hi Aligator,
      Dorschden's PAS has not any volume delta values of the swings. I modified the code to show only the volume of the swing and the volume deltas. The indicator has been delted from the users indicators page.
      Hi GillRymhes,

      First, thanks for the indicator, any improvement to existing indicators is always appreciated, if permitted by the author. Removal of the indicaor was not intended here.

      Your Weis Wave Delta indicator prints the accmulated absolute volume and price chnage for the swing length, which are the same as what PAS does, and is what Weis method uses. Your separate indicator Volume Delta does plot the volume delta (Bid - Ask) for each bar. It would have been an improvement to PAS if the Volume Delta indicator would have been integrated into the Wies Wave Delta indicator as an additional data series to plot the accumulated volume delta (Bid - Ask) for each swing.

      Also, modifying your Volume Delta as an oscillator similar to Dorschden's Price Action Swing Oscillator for swing accumulated delta volume will be quite an improvement.

      Just a note, that the indicators work with live Bid-Ask data only, unless historical BId -Ask is supplied by the data vendor.

      Cheers!
      Attached Files

      Comment


        #4
        Originally posted by aligator View Post

        Hi GillRymhes,

        First, thanks for the indicator, any improvement to existing indicators is always appreciated, if permitted by the author. Removal of the indicaor was not intended here.

        Your Weis Wave Delta indicator prints the accmulated absolute volume and price chnage for the swing length, which are the same as what PAS does, and is what Weis method uses. Your separate indicator Volume Delta does plot the volume delta (Bid - Ask) for each bar. It would have been an improvement to PAS if the Volume Delta indicator would have been integrated into the Wies Wave Delta indicator as an additional data series to plot the accumulated volume delta (Bid - Ask) for each swing.

        Also, modifying your Volume Delta as an oscillator similar to Dorschden's Price Action Swing Oscillator for swing accumulated delta volume will be quite an improvement.

        Just a note, that the indicators work with live Bid-Ask data only, unless historical BId -Ask is supplied by the data vendor.

        Cheers!
        I answered you in another message.
        Here you have the WeisWaveDelta with cum. volume+ cum. volume delta (top panel), cum volume delta (middle panel) and (cum. volume (bottom panel):
        Click image for larger version

Name:	WeisWaveDeltaPic2.png
Views:	61
Size:	191.3 KB
ID:	1206423

        Comment


          #5
          Originally posted by aligator View Post

          Hi GillRymhes,

          First, thanks for the indicator, any improvement to existing indicators is always appreciated, if permitted by the author. Removal of the indicaor was not intended here.

          Your Weis Wave Delta indicator prints the accmulated absolute volume and price chnage for the swing length, which are the same as what PAS does, and is what Weis method uses. Your separate indicator Volume Delta does plot the volume delta (Bid - Ask) for each bar. It would have been an improvement to PAS if the Volume Delta indicator would have been integrated into the Wies Wave Delta indicator as an additional data series to plot the accumulated volume delta (Bid - Ask) for each swing.

          Also, modifying your Volume Delta as an oscillator similar to Dorschden's Price Action Swing Oscillator for swing accumulated delta volume will be quite an improvement.

          Just a note, that the indicators work with live Bid-Ask data only, unless historical BId -Ask is supplied by the data vendor.

          Cheers!
          I hope you will be able to recognize that you were wrong with your previous statements. None of them shows price change, how can you conclude that?
          The oscillator as well as the histogram were deleted as well and I've not yet received any answer.

          Comment


            #6
            Originally posted by aligator View Post

            Hi GillRymhes,

            First, thanks for the indicator, any improvement to existing indicators is always appreciated, if permitted by the author. Removal of the indicaor was not intended here.

            Your Weis Wave Delta indicator prints the accmulated absolute volume and price chnage for the swing length, which are the same as what PAS does, and is what Weis method uses. Your separate indicator Volume Delta does plot the volume delta (Bid - Ask) for each bar. It would have been an improvement to PAS if the Volume Delta indicator would have been integrated into the Wies Wave Delta indicator as an additional data series to plot the accumulated volume delta (Bid - Ask) for each swing.

            Also, modifying your Volume Delta as an oscillator similar to Dorschden's Price Action Swing Oscillator for swing accumulated delta volume will be quite an improvement.

            Just a note, that the indicators work with live Bid-Ask data only, unless historical BId -Ask is supplied by the data vendor.

            Cheers!
            Hi again aligator ,
            I've just realized that your shared image does not plot as mine, why do you have those round numbers as delta values?
            I use CQG/Continuum and Kinetick as data feed providers and do not have any issue to get historical data with my volume delta indicator that I shared here: https://ninjatraderecosystem.com/use...volume-update/ and which is used by the deleted WeisWaveDelta indicator.

            Comment


              #7
              Originally posted by GillRymhes View Post

              I answered you in another message.
              Here you have the WeisWaveDelta with cum. volume+ cum. volume delta (top panel), cum volume delta (middle panel) and (cum. volume (bottom panel):
              Click image for larger version

Name:	WeisWaveDeltaPic2.png
Views:	61
Size:	191.3 KB
ID:	1206423
              Here are a few points regarding several of your posts.

              1. It make sense now that you have posted decernable screenshots. I recognize it is confusing how you defined your visusal color parametrs, they are both defined as " Represents the color of the swing value output for highs" and "...............for lows." It is not clear what each represents, the swing com. volume or the swing com. volume delta. Nowhere in parameters list any options are provided to select drawing one , the other, or both values, as you now show in your multi-screenshots. That is how I thought if one is volume the other might be price, not having historical bid/ask data for the chart in use.

              2. I did use the XLY index to look at your indicator, so it is comparing apples to oranges. Of course the volumes will not be formatted the same as your ES charts since fromats depend on how you defined the rounding method of the value sizes in your code.

              3. Finally, please know that my comments were made constructively and for clarification. I had no role whatsoever for deletion of the indicator by NinjaTrader. Actually, I was surprised that they did that since we are not talking about sharing a .dll code.

              Although, having to make one color transparent, as in your screenshots (now I know) to show only one of the values, and definition for visual parameters, can be improved so that the user is not confused and knows what is plotted on the chart.

              4. I see no reason that NinjaTrader_Jim would not re-post the indicator.

              Cheers!


              Comment


                #8
                Originally posted by aligator View Post

                Here are a few points regarding several of your posts.

                1. It make sense now that you have posted decernable screenshots. I recognize it is confusing how you defined your visusal color parametrs, they are both defined as " Represents the color of the swing value output for highs" and "...............for lows." It is not clear what each represents, the swing com. volume or the swing com. volume delta. Nowhere in parameters list any options are provided to select drawing one , the other, or both values, as you now show in your multi-screenshots. That is how I thought if one is volume the other might be price, not having historical bid/ask data for the chart in use.

                2. I did use the XLY index to look at your indicator, so it is comparing apples to oranges. Of course the volumes will not be formatted the same as your ES charts since fromats depend on how you defined the rounding method of the value sizes in your code.

                3. Finally, please know that my comments were made constructively and for clarification. I had no role whatsoever for deletion of the indicator by NinjaTrader. Actually, I was surprised that they did that since we are not talking about sharing a .dll code.

                Although, having to make one color transparent, as in your screenshots (now I know) to show only one of the values, and definition for visual parameters, can be improved so that the user is not confused and knows what is plotted on the chart.

                4. I see no reason that NinjaTrader_Jim would not re-post the indicator.

                Cheers!

                Hi again aligator
                concerning 1.) I tried to make it as simple as possible. There is an important difference between volumes and volume deltas with respect to colors. Since volumes are always positive, I discern between up swings volume colors (blue) and down swings volume colors (red). However, the deltas may be positive or negative, in any of the up swinsg or down swings and for that reason, I set some parameters to customize those colors. There are two different sections to define those colors and when cursor is located on each parameter, a "help" text is displayed. There is a first section with parameters to visualize Volume and a second section with parameters to visualize Delta. I'm open to change those settings if misleading.

                Click image for larger version  Name:	Indicators 2022-06-24 18.07.54.png Views:	0 Size:	16.4 KB ID:	1206535
                2. Now it makes sense to me
                3. Thanks. Jim has received an email from me and he should upload the indicators again. I still don't know why I have been requested so much information about how has been my developing process.
                4. Me neither.

                As said, I've the impression that NT does not care much about user satisfaction vs vendor satisfaction. That cannot be accepted. Many coders have a real will of helping others, does NT share that same goal? Now I have my doubts.
                Last edited by GillRymhes; 06-24-2022, 10:21 AM.

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