hi everybody
i am just asking if anyone know or can programme very simple indicator which is
volume *variation price on bar close
for example on the future 6E
volume is 850 contracts
for example price close is 1.2288and the next is 1.2295 so the variation will be 7
the calcul will be only 850*7= 5950
on the next bartime
volume is 920 contracts
the bar close is 1.2280 so the variation is 1.2280-1.2295=-15
the calcul is 920*-15= -13800
so if is is possible to writing the results on a graph like the rate of change
it will be perfect.
or it can be
volume* rate of change
I make it manually on excell but it take me very long time so it cannot be use on day trading.
If you want to know the use of this indicator please write me i will explain you how I believe it can be use but i need to backtest more to be sure .
It give a information on divergence. and give a information about reverse trend maybe
thank you
tanou
i am just asking if anyone know or can programme very simple indicator which is
volume *variation price on bar close
for example on the future 6E
volume is 850 contracts
for example price close is 1.2288and the next is 1.2295 so the variation will be 7
the calcul will be only 850*7= 5950
on the next bartime
volume is 920 contracts
the bar close is 1.2280 so the variation is 1.2280-1.2295=-15
the calcul is 920*-15= -13800
so if is is possible to writing the results on a graph like the rate of change
it will be perfect.
or it can be
volume* rate of change
I make it manually on excell but it take me very long time so it cannot be use on day trading.
If you want to know the use of this indicator please write me i will explain you how I believe it can be use but i need to backtest more to be sure .
It give a information on divergence. and give a information about reverse trend maybe
thank you
tanou
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