better volume beta bug ???

[kuroro13]

First, I want to thank the contributor for sharing this marvellous indicator.
I use it in everyday and it really helps me a lot with my trading.

However I found a bug? when trying to use it with a 233 ticks chart on futures DAX.

Here is what I see : (click on the picture to zoom in)

http://www.casimages.com/img.php?i=0806050537533556482.jpg

That is all the more weird because it works well on every other instrument whatever the time frame.

Does anyone have the same problem ? How could I fix this ?

[kuroro13]

a new version of the code is available on emini

http://emini-watch.com/uploads/code/BETTER_VOLUME_5JUN08.zip

[goldfly]

First. Your welcome! But I'm just a translator.

Second, this kind of thing has been seen before on a european index (hmmmmm.) Go ahead and put the regular VOL indicator on the chart too, so I can have an idea of what it is actually supposed to look like. Maybe that will give a clue.

I'll take a look at the new version.

First, I want to thank the contributor for sharing this marvellous indicator.
I use it in everyday and it really helps me a lot with my trading.

However I found a bug? when trying to use it with a 233 ticks chart on futures DAX.

Here is what I see : (click on the picture to zoom in)

http://www.casimages.com/img.php?i=0806050537533556482.jpg

That is all the more weird because it works well on every other instrument whatever the time frame.

Does anyone have the same problem ? How could I fix this ?

[calibri]

i am not sure about that kuroro

hi @ all!

kuroro as far as i know the new indicator also works with the standard volume - lets say no up/down, bid/ask or what so ever.
On the page of emini-watch there can be found a description of the indi:

http://emini-watch.com/uploads/Media/Better_Volume_Indicator.pdf

~ for video stuff please visit barry taylor´s site ~

in short:
calc of vol climax: "...identified by multiplying volume with range..."
calc of vol churn: "...is simply the bar´s volume divided by the bar´s high low range
...
...
as i´m not familiar with codeing that was it for me


in eld terms barry taylor states the following:

__________________________________________________ ________
Inputs: Color(Cyan), LowColor(Yellow), ClimaxColor(Red), ChurnColor(Green), ClimaxChurnColor(Magenta), LowChurnColor(White), AvgColor(Red);
Variables: BarColor(Cyan);

BarColor = Color;

Value1 = V;
Value2 = V*Range;
If Range <> 0 then Value3 = V/Range;
Value4 = Average(Value1,100);

If Value1 = Lowest(Value1,20) then BarColor = LowColor;
If Value2 = Highest(Value2,20) then BarColor = ClimaxColor;
If Value3 = Highest(Value3,20) then BarColor = ChurnColor;
If Value2 = Highest(Value2,20) and Value3 = Highest(Value3,20) then BarColor = ClimaxChurnColor;
If Value3 = Lowest(Value3,20) then BarColor = LowChurnColor;

Plot1(Value1,"Volume",BarColor);
Plot2(Value4,"Avg",AvgColor);
__________________________________________________ _________
Better Volume Indicator EasyLanguage Code
-> can also be found in pdf mentioned above


skyfly thanks for your work on this! for me it just works great in ym, es, nq. i would say this was no beta it´s rtm
imho i haven´t checkt it on the eurex markets!


good trading

-------------
previous discussion with script can be found at:

http://www.ninjatrader-support.com/vb/showthread.php?t=7457