Any suggestions about a momentum and volume indicator?

• 05/30/2017 at 5:25 PM #37062
  Marcel van Vliet

  Hi,

  I am looking for an indicator which indicate the buy/sell pressure in a histogram by using a combination of volume and momentum and/or RSI.

  At the moment I use the CMO indicator as a histogram to measure the buy/sell pressure.

  I do not know if  an indicator as described already exists or what it is called.

  Does anybody have any suggestions?

  Thank you………

  

  Marcel van Vliet

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  05/30/2017 at 6:51 PM #37066
  GraHal

  Accumulation / Distribution? It’s a default PRT Indicator so it be easy for you to assess?

  

  GraHal

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  05/30/2017 at 9:56 PM #37070
  Marcel van Vliet

  Thanks Grahal,

  The problem I am faced with is that there is no Volume for all of the (commodity) CFD’s & Forex pairs I trade.

  That is why I am looking for an indicator which uses a substitute for theVolume.

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  GraHal

  

  Marcel van Vliet

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  05/31/2017 at 7:29 AM #37080
  Nicolas

  Volume is Volume, a valuable information that can’t be simulated by any other scholarly calculations 🙂

  Though, a good tip would be to measure the speed of the market in any direction on a chart with no link to time (like in a tick charts with a “speedometer” for instance : how much bars of X ticks were created in one hour).

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  Marcel van Vliet

  

  Nicolas

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  05/31/2017 at 11:07 AM #37112
  Marcel van Vliet

  Great idea, but how to convert it to an indicator? or does an inicator like the ‘speedometer’ already exits?

  

  Marcel van Vliet

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  05/31/2017 at 3:58 PM #37145
  Nicolas

  I already coded this indicator for a customer, so I can’t share it publicly of course..Sorry.. Maybe someone could re-code it from scratch? ❓

  

  Nicolas

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  05/31/2017 at 5:35 PM #37149
  GraHal

  This any good Marcel as a second best maybe?

  https://www.prorealcode.com/prorealtime-indicators/velocity-mix/

  Or the original T3 maybe?

  https://www.prorealcode.com/prorealtime-indicators/t3-velocity/

  

  GraHal

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  06/01/2017 at 7:40 AM #37184
  Marcel van Vliet

  Thanks Grahal,

  Last night I tested them out with a strategy I am working on.

  For now, I think I stick to the CMO/Bollinger indicator which gives me a better view on the momentum.

  But if you not agree with that I would be pleased to hear from you which Indicator gives the best view in your opinion.

  

  Marcel van Vliet

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  06/01/2017 at 10:05 AM #37201
  GraHal

  What is CMO / Bollinger? 🙂 Chande Momentum Oscillator?

  

  GraHal

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  06/01/2017 at 11:35 AM #37216
  Marcel van Vliet

  Yes, The horizontal lines are replaced by Bollinger bands to adjust the Chande Momentum Oscillator to the (deviation) volatility and make this more dynamic and less static.

  The zero line is than replaced by the midline of the Bollinger Bands.

  You can also make this adjustment on other oscilators like the RSI.

  Make sence?

  

  Marcel van Vliet

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  06/01/2017 at 12:01 PM #37219
  GraHal

  Yes it makes good sense, is there an Indicator already set up on here or is it a manual set up?

  

  GraHal

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  06/01/2017 at 12:19 PM #37221
  Marcel van Vliet

  It is a setup of myself.

  

  Marcel van Vliet

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  06/01/2017 at 12:20 PM #37222
  Marcel van Vliet

  The problem is dat I cannot fix a Histogram from the BB midline.

  

  Marcel van Vliet

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  06/01/2017 at 8:36 PM #37256
  Nicolas

  If you can explain a bit more and with pictures, maybe I could help.

  

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  06/02/2017 at 4:46 PM #37309
  Marcel van Vliet

  Hi Nicolas,

  Thanks for your interest in this indicator. I included the screenshots you asked for.

  #1:  The way I use the combination of CMO and Bollinger Bands.

  #2: The indicator with Histograms.

  The problem is that the histograms are built up from the zero line.

  What I look for is histograms which are built up from the midline of the Bollinger bands of the indictor. This to capture the dynamic character of the indicator.

  

  Marcel van Vliet

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