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                                     Trade Volume Index indicator and user function and paint bar for Tradestation .

 

Trade Volume Index is also available for MultiCharts

 

This Indicator was conceptualised by Steve B Achelis and is a remarkable piece of ingenuity.

 

For smooth and simple definition of volume action this indicator is a real gem for definition

 

Trade volume index makes its calculation from both volume and price in a combined algorithm which is remarkably elegant in its design.

 

 

 Interpretation

 

   From Steve B Achelis, author of Technical Analysis from A-Z 

 

Trade Volume Index (TVI) show whether a security is being accumulated (bought) or distributed (sold).

The TVI is designed to be calculated using intraday tick price data.

The TVI is based on the premise that trades taking place at higher "asking" prices are buy transactions and trades at the lower "bid" price prices are sell transactions.

When prices create a flat resistance level and the TVI is rising, look for a breakout to the upside. When prices create a flat support level and the TVI is falling, look for prices to drop below the support level.

  • Steve Achelis is one of the most highly regarded technicians of the last 30 years, I have always admired his work

  • The raw indicator in its original for is the best one to use for tick data studies.

  • The adjustable indicator modified by Precision Trading Systems has a multitude of other uses

  • Gives you a simple at a glance single line showing selling or buying action FAST

  • Can be used in signals and systems

  • Adjustable length settings

  • Adjustable double smoothing

  • If length are smoothing are both set to 1 it plots the raw indicator in its original form as designed by Mr Steve Achelis.

 

If you need any other free indicators in Easy Language please view the list available here at the bottom of the page

 

 

    Why do you need this indicator?           First lets see this indicator in its raw form (Length set to 1, smoothing,1 ).

 Then set length to 7 and smoothing to 4, notice the clarity of trend definition..... 

                            Generally, one can filter buy signals which are not validated by the rising TVI line...........

 

Trade volume index indicator ELA code is available free to those who score above 1100 in the Weekly Trading IQ game

 

To qualify for your free Insync index ela file, just create a free account and score 1150 or greater in the weekly contest

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

 

 

 

 

 

 Add some Paint bar highlights....Falling TVI = Red bars.... TVI warned of top, and warned down trend is not over (centre)

  This highlights when TVI > 30 day moving average of TVI, it can also be used to construct signals and systems............

                The trends are highlighted by the TVI show whether prices are being distributed or accumulated.....

                                      Trade Volume Index adds an extra dimension to your trading signals.

 

The following code adds Trade volume index as a filter to confirm parabolic SAR (capital letters part)

 

Inputs: AccelFactor(.02), Length(12),Smooth(3);
Variables: ParabolicValue(0), TVI(0);

ParabolicValue = Parabolic(AccelFactor);

TVI = Tradevolumeindex(Length,smooth);

If Low >= ParabolicValue  AND TVI(LENGTH,SMOOTH) < TVI(LENGTH,SMOOTH)

 

Then Sell ("Pblc") Next Bar at ParabolicValue Stop;

 

 

                                          Trade Volume Index Indicator + function + paint bar for Tradestation and Multicharts

To summarise in plain words, the TVI indicator, function and paint bar study is a valuable addition to the tool kit of any trader from novices to seasoned professionals, as well as a useful confirmation of buying or selling to add into system signals. It can be used on real-time tick data as Steve Achelis originally intended, or it can be used to analyse longer term time horizons ( real time or static end of day data ) which have volume data sets. 

 

Important note.

 

You must have volume data for Trade Volume Index to function. If there is no volume data, then TVI will not return a value.

 

If you like Trade volume Index then you might be interested in the Precision Index Oscillator below

 

 Introducing the Precision Index Oscillator  (PI-OSC)  

    Created to provide trade timing signals by Precision Trading Systems in 2009,  a consensus indicator which has some powerful improvements and differences to other industry standard oscillators. At first glance to the untrained eye it would appear like another other oscillator, but when testing it side by side comparing system performance the true power of this excellent indicator begin to emerge.

 

Read more about Precision Index Oscillator or (PI-OSC)  

 

 

More indicators systems and functions from Precision Trading Systems below...

 

Compatible with....

Indicator

Volume flow indicator (VFI)

Designed by Markos Katsanos this oscillator has many excellent qualities. Useful as a trend confirmation indicator, an overbought oversold oscillator, divergences between the price and the VFI are usually very reliable

VFI gets the vote of confidence from Precision trading systems as being a "must have" tool in the discerning traders kit

Please click below to see some more detailed examples of charts with the VFI plotted...More details and examples

 

FREE   Stocks, Futures, Bonds, Forex (needs volume to run)

 

 

Author: Markos Katsanos. (Open EL code)

Compatible with....

         Indicator + function

                                       Demand Index

An excellent oscillator that is versatile in its applications, computing its values from price and volume. It can be used as a divergence indicator and a trend following indicator. I have added a smoothing length feature to suit the needs of the individual user.

I find this indicator very useful for observing intra-day price action in actively traded stocks and futures...........More details and examples

FREE  Stocks, Futures, Bonds, Forex, Indices etc

Author: James Sibbet. ( Open EL code )

 

Compatible with....

        Indicator + function

                               Precision Lagless Average

A Lagless moving average with no overshoot that outperforms all other known industry standard moving averages. Comes with features including length changing algorithms and an anti-reverse option to minimise over trading in congestion areas, the result of 9 weeks intensive and complex coding after someone told me that the Hull average was better than the Jurikes JMA. In one session I was able to improve on the Hull average, but it took me a lot longer to improve on the Jurik JMA offering.......More details and examples

 

Price $297 (Pay-Pal)  Buy this item

Stocks, Futures, Bonds, Forex, Indices etc

 

Author: Precision Trading Systems. (Protected EL code)

 

Compatible with....

   Indicator + function + signal

                                        Precision Stop

Trend following system and indicator that self adjusts its distance to suit noise levels and volatility factors, making it more "intelligent" than Parabolic SAR, or ATR type indicators.

Can be adjusted to suit any time frame from day-trading to long term trend following by adjusting MULTI settings, features include a neat max and min percentage distance setting to cater for individual tastes.

Takes the guess work out of knowing when the trend is up or down, based on your own input values.......More details and example videos

 

Price $125 (Pay-Pal)   Buy this item

Stocks, Futures, Bonds, Forex, Indices etc

 

Author: Precision Trading Systems. (Protected EL code)

Compatible with....

         Indicator + function

                                             Insync Index

A "consensus" oscillator that highlights trend turning points, computing its values from an array of standard oscillators such as RSI Stochastic and Money Flow index.

It is best applied to range bound markets rather than trending ones.

 

I have added a REALVOLUME true-false feature  for users who use both tick volume and trade volume..........More details and examples

 

FREE     

Stocks, Futures (Unsuitable for Forex)

 

Author: Norm North. ( Open EL code )

Compatible with....

          Indicator + function

                                Precision divergence finder

A complex piece of code that observes multiple look backs of Demand Index lengths to hunt out when divergences exist.

Often produces stunning signals at exact market bottoms.

This is not an "always in the market" indicator and only flags up when sets up occur that show a real divergence in a market.

As Demand Index uses volume, to perform at its best this indicator needs real volume enabled..............More details and examples

 

Price $167  (Pay-Pal)   Buy this item

Stocks, Futures, Bonds  (Unsuitable for Forex)

 

 

Author: Precision Trading Systems. (Protected EL code)

Compatible with....

             Indicator + function

                                                 Q-Stick

A Simple and yet very efficient way of defining if a trend is in a bull or bear phase. Probably the best piece of work that Chande ever turned out, and yet seemingly forgotten by the whole world.

Setting lengths to 80 or more makes for a smooth analysis of trend, and the crossing of zero indicates trend direction.

 

See how early it signalled a bear move in the example when it crossed zero. Can be used as an short term oscillator with lengths less than 10 and often gives very early signals...More

 

FREE  

Stocks, Futures, Bonds, Forex, Indices etc

 

Author: Tushar Chande. ( Protected EL code)

Compatible with....

               Indicator + function

               Precision Volume (Tick volume for real-time )

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..........More

 

FREE     

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

 

Author: Precision Trading Systems. (Protected EL code)

Compatible with....

          Indicator + function

                       Precision Index Oscillator ( Pi-Osc )

 

Highly sophisticated "consensus" indicator comprised of many different component signals. A real technicians tool that measures everything from divergences to probabilities to unique chart patterns in a single market indicator. 

Best results are given when analysing range bound and choppy markets rather than trending ones.

 

Some of its components use real volume so for this to perform at its best this indicator needs real volume............More

 

Price $397  (Pay-Pal)   Buy this item

Stocks, Futures, Bonds  

 

Author: Precision Trading Systems. (Protected EL code)

Compatible with....

 Indicator + function

                                   Precision Mach-Trend

Designed to reduce whipsaw trades in trending periods and help the user reduce costly F expenses.

Mach-Trend is superbly simple to use, and is suitable for all ranges of traders. Calculated using advanced mathematics, this indicator will reduce your F and improve your overall performance. Mach-Trend pro has adjustable price and length, and Mach-Trend Platinum has fully available parameters enabling advanced optimisations for the sophisticated user.

 

Coming soon

Stocks, Futures, Bonds, Forex, Indices

 

Author: Precision Trading Systems. (Protected EL code)

 

Compatible with....

          Indicator + function

  Money flow index MFI

 

Highly effective volume indicator showing money flowing in and out of securities. Works well as an over bought oversold oscillator and can be used for divergences as well. Ranging between 0 to 100 the MFI crossing above or below 50 can be used to identify a bullish or bearish condition of a trend changing even.....More details and examples

 

FREE

Stocks, Futures, Bonds, Forex, Indices

 

Author: Unknown. (Open EL code)

 

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