General Trading Chat

[VJAY]

I am sorry TP ji, i never realised i was posting in your thread all this while.

Varunji,
IMO no need to say sorry etc.....this thread for general chats...you can post anything here

 

[cinderblock]

Anything's been posted here anyways :lol:

 

[varunkochhar]

That was a very powefull tool in a trader's asenal that Tuna ji pointed out. Divergence. Now what it effectively implies that the the price action was not true (in sync) so after you observe such divergences, one waits out for both to come in sync again. Meaning let it take the highest high in price between the 2 points where divergence is observed or take out the lowest low of OBV to initiate a trade. You get good trending moves once they both are in sync again.

 

[varunkochhar]

Varunji

How to find LV bar manually on volume ?

Is any condition to decide LV bar ?

And how you implementation of LV bar in your trading ?

Thanks
I am asking too much questions

It is like this. The 1st volume bar of the day is the lowest value bar till a new bar with lower volumes is formed. Once you get this lower volume bar, then this would be your lowest volume bar for the day till another bar with lower volumes than this gets formed. By 11 or 12 normally you get a LV bar which remains as the lowest bar for the day. Sometimes you get a lowest bar later in the day also (specially in options) then so much the better. Like ST ji spotted the LV bar in 23300CE at around 2:50 in the afternoon which resulted in a 15% + one sided move in the next 30min. So the best results are got when it is automatically painted on your price screen as you do not have to look for it.

 

[VJAY]

It is like this. The 1st volume bar of the day is the lowest value bar till a new bar with lower volumes is formed. Once you get this lower volume bar, then this would be your lowest volume bar for the day till another bar with lower volumes than this gets formed. By 11 or 12 normally you get a LV bar which remains as the lowest bar for the day. Sometimes you get a lowest bar later in the day also (specially in options) then so much the better. Like ST ji spotted the LV bar in 23300CE at around 2:50 in the afternoon which resulted in a 15% + one sided move in the next 30min. So the best results are got when it is automatically painted on your price screen as you do not have to look for it.

Dear varunji,
Is this LV bar afl posted anywhere ?please point the thread if so....

 

[varunkochhar]

 

[varunkochhar]

SECTION_BEGIN("HiLo Vol N");

n=Day() != Ref(Day(), -1);

a=LowestSince(n,V);
hh=ValueWhen(V==a,H);
ll=ValueWhen(V==a,L);

hr = ValueWhen(V==a,Hour());
mn = ValueWhen(V==a,Minute());

Plot(hh,"\nLVhb ",colorGreen,styleDashed);
Plot(ll,"\nLVlb @ ("+hr+" : "+mn+") ",colorRed,styleDashed);

_SECTION_END();

 

[varunkochhar]

Vjay ji how to make these lines bolder as you all know i am not tech savvy.

 

[monkeybusiness]

_SECTION_BEGIN("HiLo Vol N");

n=Day() != Ref(Day(), -1);

a=LowestSince(n,V);
hh=ValueWhen(V==a,H);
ll=ValueWhen(V==a,L);

Plot(hh,"\nLVhb",colorGreen,styleDots);
Plot(ll,"\nLVlb",colorred,styleDots);

_SECTION_END();

Dear varunji,
Is this LV bar afl posted anywhere ?please point the thread if so....

Thanks to Extermist Ji

 

[timepass]

For someone "not tech savvy", you seem to do very efficient programming. I have never seen Amibroker, but have done a lot of programming so I can say, whether tech savvy or not, you are way ahead in coding.

And it's great to have you post here :thumb:

SECTION_BEGIN("HiLo Vol N");

n=Day() != Ref(Day(), -1);

a=LowestSince(n,V);
hh=ValueWhen(V==a,H);
ll=ValueWhen(V==a,L);

hr = ValueWhen(V==a,Hour());
mn = ValueWhen(V==a,Minute());

Plot(hh,"\nLVhb ",colorGreen,styleDashed);
Plot(ll,"\nLVlb @ ("+hr+" : "+mn+") ",colorRed,styleDashed);

_SECTION_END();

Vjay ji how to make these lines bolder as you all know i am not tech savvy.

I am sorry TP ji, i never realised i was posting in your thread all this while.