Better Volume Beta

[vast524]

This works well on all my charts except for the Euro Stoxx50. I am using it on a 144 tick chart. I use the same indicator and chart settings for the S&P and Russell and it runs fine.
I seem to get all the bars the same height and generally a lot of yellow bars.
I have the the true to calc on bar close set.
Any help would be appreciated.
Regards

[goldfly]

This works well on all my charts except for the Euro Stoxx50. I am using it on a 144 tick chart. I use the same indicator and chart settings for the S&P and Russell and it runs fine.
I seem to get all the bars the same height and generally a lot of yellow bars.
Regards

I can't say really. I suspect that perhaps it's like the yen mini and has a strange tick size the messes up indicators? But no, that can't be, we're talking about volume...... How does a regular volume indicator look?

In the end I'm afraid I can't help. I can't even access that index. Sorry.

[calibri]

new thread with bugfix from kuroro13

This works well on all my charts except for the Euro Stoxx50. I am using it on a 144 tick chart. I use the same indicator and chart settings for the S&P and Russell and it runs fine.
I seem to get all the bars the same height and generally a lot of yellow bars.
I have the the true to calc on bar close set.
Any help would be appreciated.
Regards

you can find an update with a fix in form of an eld:

http://www.ninjatrader-support.com/vb/showthread.php?t=8084

we have to thank kuroro13 and emini-watch!!!
and probably the person who is able to convert

happy trading

[goldfly]

you can find an update with a fix in form of an eld:

This doesn't appear to be a fix, but rather a modification aimed at improved filtering.

A. I don't completely understand the intent of the change
B. I really don't have the time to devote to a big mod (big by my standards)

So if someone else wants to take a stab, please do. Or maybe if I can get clear comprehension of the objective, I'll be more motivated. I didn't see any update to the article though.

[kuroro13]

Please Goldfly, be motivated !!!

I don't have the programming skills to do that stuff so I can only rely on others and I assure you I deeply regret it.
This version of the code is a major improvement of the initial code because by using upticks and downticks instead of only bar range to calculate a relationship with volume, it enables someway this indicator to take the bullish and bearish pressure for the period into account and give better signals.

Finally, you get a sharpest analysis of volume/range for the period which might lead to adding colored volume bars

Here is a picture explaining my thought

http://www.casimages.com/img.php?i=0806061154013572882.jpg

I cannot garantee that this is what barry (the better volume indicator creator) wanted to achieve but that is how I understand this updated version of the code.

Feel free to correct me if I am wrong

[anachronist]

I have posted a non-beta version in the indicators file sharing area. It is titled "Better Volume".

I didn't understand the reasons behind the somewhat convoluted programming logic in the beta version. Instead, I used the exact same algorithm as the original TradeStation version. Because the algorithm is identical, there's no need to call it 'beta'.

I also made three improvements:

• You can use True Range instead of Range in the calculations if you want.
• You can cause it to paint the price bars like the volume bars when a volume bar has a non-normal color.
• For efficiency it plots the exponential average of the volume instead of the simple average.

-Alex

[Elliott Wave]

Good stuff, I'll be sure to check it out. I've been using this indicator for quite a while and find it much more useful than regular volume. One addition I made was to add a second moving average and found that the crossovers were extremely useful in predicting trend formation and exhaustion...

[lindsayf]

I like this indicator . But can anyone explain why a "low volume high range churn bar" can possibly have high volume? This is what often occurs on my charts on the 233 tick ES.

thanks

[goldfly]

I like this indicator . But can anyone explain why a "low volume high range churn bar" can possibly have high volume? This is what often occurs on my charts on the 233 tick ES.

thanks

Got a screenshot?

[lindsayf]

Here tis...

you will see an example of this at 2.01 on the attached chart. The black bar is supposedly a low volume low churn bar. I am now seeing that volume interpretation on a tick chart is a very different propostion to a time chart(probably no surprise to those with more experince than me)..and that this may have something to do with this??

regards
Lindsay

[goldfly]

Oh, I see. You're on the wrong thread.

You are using another version of this indicator.

Try loading the one on this thread and compare them to see what you get.

[fxshark]

THIS IS BETA.

The logic on this is pretty straight-forward, but until I get confirmation from someone who can compare it to the original version, it must be BETA.

Hi there!
I wanna to ask you, what with confirmation Better Volume Beta
indicator? Do u have any update? Thanks May be someone give me a link for update.

[price777999]

Good stuff, I'll be sure to check it out. I've been using this indicator for quite a while and find it much more useful than regular volume. One addition I made was to add a second moving average and found that the crossovers were extremely useful in predicting trend formation and exhaustion...

hi ,can you show us how to add an extra moving average ...cheers.

[Elliott Wave]

hi ,can you show us how to add an extra moving average ...cheers.

This is the version I'm using.

[price777999]

great thanks ..looks very interesting !