MultiCharts: Trading Software for Automated Trading and Backtesting

Hi,

I have noticed MultiCharts has a ballon button that when enabled it gives you information about a given candle just moving the mouse over it. This ballon includes Up&Down volume for that given candle...that's interesting because the regular volume indicator will just show the total volume instead.I was wondering if there was any way to have the volume indicator plot a split volume made up of Up&Down volume, that's to say, a volume line coloured both red for the down volume and green for the up...do you think this can actually be done?

thanks

Hi tucciotrader,

On intra-day data (except minute based bars), you can use the reserved words, "UpTicks" and "DownTicks" (both positive integers) in an indicator to see volume split. Make sure that you configure your data stream to "build volume on" either "Trade Volume" (number of shares or contracts traded) or "Tick Count" (number of trades).
Ie: (if using the prebuilt "Custom 2 Lines")
Plot1Formula: UpTicks
Plot2Formula: -DownTicks
and set the "style" of both to "histogram"

Ie: (if writing a custom indicator in PowerLanguage):
Plot1(Upticks,"Up Volume");
Plot2(-DownTicks,"Down Volume");

Hope that helps.

Please, have a look at this video: http://www.youtube.com/watch?v=GQFcFQYq ... r_embedded

You can see an indicator called Volume Bias on the top-right of the chart. It basically shows up-and-down total volumes since the beginning of the trading day. I'd like to do something like that also by having a second Volume Bias showing last candle up and down volumes...

that'd be really great!

you can find the code here:
http://www.traderslaboratory.com/forums ... -6519.html

Well, that's really what I was looking for! thanks a lot!

you are welcome

One more question. The following might sound silly though. As you can see in the attached image file I get volume indicator updating volumes like x.00 how can I remove that .00 ??

thanks

One more question. The following might sound silly though. As you can see in the attached image file I get volume indicator updating volumes like x.00 how can I remove that .00 ??

thanks

right click on the indicator,
Format Study > Scaling > General > No of digits after decimal

thanks

I applied it in both ESH6 and HSIG16 but showed different results. ESH6 can show downticks data while HSIG16 always show ZERO even it dropped. Anyone can help? Thanks.

I applied it in both ESH6 and HSIG16 but showed different results. ESH6 can show downticks data while HSIG16 always show ZERO even it dropped. Anyone can help? Thanks.

have you tried to plot a chart of :

Uptick only
Downtick only