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Precision Volume indicator  (PV)  and user function for Tradestation

 

 

  Your early warning Indicator

 

This Indicator was conceptualised by PrecisionTradingSystems in 2001.

 

For smooth and simple definition of volume action this indicator is good at spotting early signs of trend reversals

 

Precision Volume Indicator makes its calculation from analysing the direction of each tick on real-time data, to evaluate if there is net buying or selling over the given sampling length.

 

 Important note

 

   Precision Volume requires tick volume, and NOT trade volume otherwise freak readings can result.

   Do not use this indicator on static daily, weekly data, as it will not function correctly 

 

Precision Volume (PV) show whether a security is being accumulated (bought) or distributed (sold) over the length assigned by the user.

It is designed as a confirmation indicator and not to be used alone as a signal, purpose is to help you make your mind up when you are in a trade that has a weakening trend, PV helps to illustrate if the trend is really about to turn around or resume its course....

 

PV is designed to be calculated using intraday tick price data.

 

  • When PV is above zero it indicates net buying over the sampling length.

  • When PV is below zero it indicates net selling over the sampling length.

  • PV often warns of impending trend changes ahead of other indicators.

  • If PV is below zero and begins rising, it shows that there is still net selling over the period, but the sellers are running out of steam

  • If PV is above zero and begins falling, it shows that there is still net buying over the period, but the buyer are running out of steam

  • This indicator works very well on non traded cash indices as a confirmation

 

      The trend was down ( centre ) but PV is rising which give you the trader an early warning

 

Precision volume indicator ELA code is available free if you score above 1025 in the Weekly Trading IQ game

 

To qualify for your free Precision Volume indicator ela file, just create a free account and score 1025 or greater in the weekly contest

 then drop me an email with your account name. You will receive the indicator shortly after.

 

 

 

 

 

 

 Price makes a new high, but PV is heading down, showing that the strength of the up trend was weakening..... 

                 Early warning of collapse (Left) and a Divergence (Centre) warned some short covering would stop the decline
                                          Precision Volume Indicator + function for Tradestation and Multicharts

 

 

 

            Indicator + function

                            Precision Volume 

An indicator I made for measuring demand-supply imbalances.

This indicator will only work correctly if used on real time data with tick volume enabled.

 

Early warning indicator ( requires confirmation )

An oscillator type indicator which measures demand and supply imbalances in an easily understood form

 

Above zero = Demand > Supply over sampling period

 

New indicator highs or lows over a chosen long length of (100 bars+) often foretell a strong move is coming..........

 

FREE     

Stocks, Futures, non-traded Indices (Unsuitable for Forex)

 

Author: Precision Trading Systems. (Protected EL code)

     

 

 

FREE and paid Systems and Indicators for Tradestation MultiCharts, MetaTrader4  and NinjaTrader, detailed articles on trading systems, trend following, risk control analytics, optimization, optimal trade size formulas, online calculators, FREE to play Trading IQ Game with massive prizes from our two sponsors NinjaTrader and MultiCharts, tutorial videos, expert trader videos, no nonense content that does exactly as it is described...Time is running out... Credit availability is drying up....US National debt to be equal to 35% of the entire worlds GDP in 3 years....33% of all USA tax revenues will be required just to make the INTEREST PAYMENTS on the collosal national debt...... Eventually the US will have no option other than to print money or default on their debt repayments...... US Dollars will likely cease to be the reserve currency of the world........Stimulus is running out, the Federal reserve has fired all its bullets and the only options left are to print more money or to default on the debt payments.....The problem is infinitely worse than in 1929 due to the added problem of this huge government debt...... In 1929 the USA still had a positive trade surplus and a manufacturing based economy..... In 2011 the USA will have no such resources to fall back on........The two most likely scenarios are both likely to lead to disaster......Hyper-Inflation at 40%+ or Deflationary implosion....... Either of the two possibilities will lead to huge moves in the worlds financial markets........Trading of these massive moves could be the only way out..........Wise proffessional traders have already started building huge dollar short posistions in anticipation of the debacles to come.....Many people will suffer as a result of the irresponsible un-elected Federal reserve operatives..........Many more people will lose their homes......Millions of jobs will be lost......Those who are unprepared will become impoverished in ways that they could never imagine.....What is your strategy to trade these violent market trends?.........ARE YOU  READY?

Precision Trading Systems is partnered with MultiCharts and part of the NinjaTrader Ecosystem

 
  • Products are provided for both these platforms.
  • Our partner also sponsor the Trading IQ Game
  • Both these trading platforms are excellent

 


Precision Trading Systems is provider of the following

 Introduction

 

 Precision Trading Systems is partnered  with MultiCharts.

 

 Precision Trading Systems is part of the NinjaTrader ecosystem.

 

 Systems and Indicators for Tradestation, NinjaTrader and MultiCharts.

 

 Top quality paid & FREE trading systems and indicators for most platforms

 

 Members can receive some paid products completely FREE

 

 Roger Medcalf is a vendor on the Tradestation App store

 

 Roger Medcalf is a vendor of products of MetaTrader 4

 

 

  Free to play Trading IQ Game with generous PRIZES  from our sponsors.

 

  Member log in

 

 

RISK DISCLOSURE

 

  • Futures, Forex and Stock trading contain substantial risk and are not for every investor.

  • An investor could potentially lose all or more of the initial investment.

  • Risk capital is money that can be lost without jeopardizing ones financial security or lifestyle.

  • Only risk capital should be used for trading

  • Only those with sufficient risk capital should consider trading.

  • Past performance is not necessarily indicative of future results.

 

 

HYPOTHETICAL PERFORMANCE DISCLOSURE

 

Hypothetical performance results have many inherent limitations, some of which are described below. no representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. for example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all which can adversely affect trading results.

 

 

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