Articles & Videos & Calculators                 Product guide             Trading IQ Game with great prizes               Support HomeSite Map - Testimonials

 

THIS PRODUCT IS FOR MULTICHARTS 8.5 (and above)  32 and 64 bit

 

If you require this for a different version of MultiCharts then please email me and I will make it for you.

 

Looking for this product for a different platform? Please see the Product guide

 

Roger Medcalf 2005 - 2014 ... You may not reprint text or images without permission

 

 

            Trade Volume Index indicator and user function for and MultiCharts.

 

This Indicator was conceptualised by Steve B Achelis and is a very useful indicator, quite a 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.

 

 

View License Options

 

 

Trade Volume Index below shown with length 15 and smoothing 10, showing good and clear trend definition

 

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.

View License Options

 

                      Trade Volume Index length 24 smoothing 9, signals generated from indicator rising or falling compared to previous bar.

        Trade Volume Index on Microsoft stock with slower length 50

                                                                            Trade Volume Index length 7 smoothing 4

 Trade Volume Index comes with signal code ( below ) which can be used alone or as a confirmation for other signals.

//Trade Volume Index sample signal code

Inputs: Length(20),smoothing(5);

Vars: TV(0);

TV= Tradevolumeindex(Length,Smoothing);

If TV > TV[1] then buy next bar at market;

If TV < TV[1] then sellshort next bar at market;

//This code will only work if you have purchased the function to generate Trade Volume Index

View License Options

 

Trade Volume Index comes with signal line to generate indications. ( To hide the line, set slow length to 1 )

              

//Trade Volume Index sample signal code

Inputs: Length(20),smoothing(5);

Vars: TV(0);

TV= Tradevolumeindex(Length,Smoothing);

If TV > TV[1] then buy next bar at market;

If TV < TV[1] then sellshort next bar at market;

//This code will only work if you have purchased the function to generate Trade Volume Index

View License Options

 

 

If you are interested in unusual volume based indicators which are not of the standard school of thought you may be interested in the  Precision Index Oscillator.

Designed for the discerning trader who is tired of the usual RSI type oscillators. This indicator is second to none for those who like to buy the bottom and sell tops. An extremely complex indicator which does a huge number of calculations to compute its values. More...

 

                                             FAQ

Does the Trade Volume Index work on futures and stocks in real time?   

Yes, it does

Has Trade Volume Index been modified from the original code by Steve Achiles?   

Yes, it has an extra two features.

1. Adjustable smoothing ( set to 1 to replicate the original formula )

2. Signal line which is a weighted average of the indicator, so signals can be generated by the lines crossing

To make it work as it was originally designed to, you can plot it on a tick chart and set length to 1, smoothing to 1.

 

 

View License Options

 

Platform

 Indicator + function + Signal                       Trade Volume Index
 

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...

 

Price $100  (Pay-Pal)         BUY THIS ITEM

 

Stocks, Futures, Bonds ( not suited to Forex )

 

Author: Steve B Achelis modified by Precision Trading Systems. (Protected EL code)

   

 

 

 

View License Options

 

 

Home     Site map   Contact    

 

 

 

 

;