Decoding Volume: Support/Resistance/Supply and Demand

tech/a said:

And there is something new and VERY powerful on the horizon.
Using Python.

Click to expand...

Who's developing it? Commercial product? Machine learning software/?

thanks

minwa said:

I have found anticipating setups is better than waiting for setups. Setups are overrated - they fail just as much (actually more) as they succeed. We scan for setups that worked and draw our attention there ignoring the many same setups that failed previously.

A confirmation of a setup is usually the breakout of a level. Eg. mid point of double bottom, neckline of head & shoulders, trendline of pennants/flags/triangles. This gives you a unfavorable reward to risk as opposed to anticipating and getting before the setup confirms.

It really does not have much to do with setups..

Click to expand...

Certainly agree with your findings.
Although there will be more false starts (My findings).
Better R/R if you can minimise D/D On the false starts.

_SECTION_BEGIN("strefa volumenowa");
SetChartOptions(0,0,chartGrid30|chartGrid50|chartGrid70);
mnoznik=Param("krotnosc", 1,0.1,10,0.1);
srednia=Param("MA",30,20,300,10);
sredniaV=MA(V,srednia);
vol = V > sredniaV * mnoznik;
function GetTop(bars)
{
Top = vol;
return Top;
}
P1 = GetTop(0);
RF1=ValueWhen(P1,H);
Plot(RF1,"",colorGreen,16+40 |styleNoLabel);
RF2=ValueWhen(P1,L);
Plot(RF2,"",colorRed,16+40|styleNoLabel);

function GetVisibleBarCount()
{
lvb = Status("lastvisiblebar");
fvb = Status("firstvisiblebar");

return Min( Lvb - fvb, BarCount - fvb );
}

function GfxConvertBarToPixelX( bar )
{
lvb = Status("lastvisiblebar");
fvb = Status("firstvisiblebar");
pxchartleft = Status("pxchartleft");
pxchartwidth = Status("pxchartwidth");

return pxchartleft + bar * pxchartwidth / ( Lvb - fvb + 1 );
}

// Szerokosc Bar w pixelach
function GfxConvertBarWdthPixelX()
{
lvb = Status("lastvisiblebar");
fvb = Status("firstvisiblebar");
pxchartwidth = Status("pxchartwidth");

return pxchartwidth / ( Lvb - fvb + 1 );
}



function GfxConvertValueToPixelY( Value )
{
local Miny, Maxy, pxchartbottom, pxchartheight;

Miny = Status("axisminy");
Maxy = Status("axismaxy");

pxchartbottom = Status("pxchartbottom");
pxchartheight = Status("pxchartheight");

return pxchartbottom - floor( 0.5 + ( Value - Miny ) * pxchartheight/ ( Maxy - Miny ) );
}

GfxSetOverlayMode(1);
GfxSelectSolidBrush( colorOrange );
GfxSelectPen( colorOrange,1, 0 );

AllVisibleBars = GetVisibleBarCount();
fvb = Status("firstvisiblebar");

RequestTimedRefresh(1); // ensure 1 sec refresh


endPiwota= BarCount;
startPiwota=gettop(0);
dlugoscPiwota = BarsSince(startpiwota);
dp=LastValue(dlugoscPiwota);
BarWdth = GfxConvertBarWdthPixelX() ;

kolor1 = colorPlum;
for( i = 0; i < AllVisibleBars ; i++ )
{
if (endpiwota[i+fvb])
{
dp=dlugoscPiwota[i+fvb];
if ( i +fvb -dp > 0)
{
x2 = GfxConvertBarToPixelX( i );
x1 = GfxConvertBarToPixelX( i-dp );
y1 = GfxConvertValueToPixelY( H[ i +fvb -dp]);
y2 = GfxConvertValueToPixelY( L[ i +fvb -dp]);

GfxSelectSolidBrush( kolor1 ); GfxSelectPen( kolor1 ,1, 0 );
GfxRectangle(x1-BarWdth/2 , y1, x2 +BarWdth/2 , y2);
}
}
}

// exploracja
BUYINGSPIKE= Volume >= mnoznik * sredniaV;
SELLINGSPIKE= Volume >= mnoznik * sredniaV;

buysignal = C > Ref(RF1,-1) AND vol;
sellsignal = C < Ref(RF2,-1) AND vol;

Filter = buysignal OR sellsignal;
AddColumn(V,"Volume", 1);
AddColumn(sredniaV,"30bar Avg Volume", 1);
//VStatus= WriteIf(BUYINGSPIKE,"UPMOVE SPIKE", WriteIf(SELLINGSPIKE,"DOWNMOVE SPIKE", " "));
//VColor= IIf(BUYINGSPIKE, colorBRIGHTGreen, IIf(SELLINGSPIKE, colorLightOrange, colorPaleTurquoise));
//AddTextColumn(VStatus,"VOLUME SPIKE",1,colorDarkBlue,VColor);
AddColumn (L, "Low", 1.2);
AddColumn (H, "High", 1.2);

signalStatus= WriteIf(buysignal,"UPMOVE SPIKE", WriteIf(sellsignal,"DOWNMOVE SPIKE", " "));
signalColor= IIf(buysignal, colorBRIGHTGreen, IIf(sellsignal, colorLightOrange, colorPaleTurquoise));
AddTextColumn(signalStatus,"VOLUME SPIKE",1,colorDarkBlue,signalColor);

_SECTION_END();