Support Board

Date/Time: Sat, 11 May 2024 11:24:57 +0000

Post From: large volume trade indicator scaling

[2017-02-23 06:04:36] Link To Thread - Link To Post [Go To First Post]
User19165 - Posts: 346
Hi there, I would say its one way to address the large volume opening and closing prints but it still fails to address a good way to display the information because volume is not evenly distributed at different times of the day. For me, the tool is intended to show what is abnormal within the order flow. As a day trader, I need to see how this large volume compares to other recent large volumes. Deciding how big to draw the circle of a large volume print at 11:30 versus a large volume print at 9:05 is not really going to give any extra information and is maybe not so useful for looking at the order flow. This tool is a nice visual of a filtered tape, but it needs to be adjusting circle sizes based on a fairly recent past of what is "normal". However normal is determined, it needs to keep the dot sizes the same, no matter if I have 3 days of data loaded on a 4 tick renko chart or 1 day loaded on a 1 tick chart. Scrolling the chart should leave the dot sizes unchanged. All of the above is in IMHO. There can be a lot of good information gleaned from this tool with some visual improvements.