Change and Continuation As Modes of the Market

Posted in User Tips by tharnett on February 11, 2009

Last week I did a webinar for the folks at IOAMT and the video is embedded below. I apologize for some user error issues during the video, as I was getting used to the presentation software for the first time on the fly. The crux of the discussion centered on seeing the market in a multi-dimensional way. Auction market theory proposes a vertical approach, whereas traditional chart reading suggests a horizontal approach. Neither is wrong or right, I submit when you put them both to use, a more profound understanding of price and volume movement can be achieved. A word of caution, a lot of time is spent on theory, so the webinar may not be everybodies cup of tea.

During the webinar, I demonstrated the use of a simple custom indicator which projects ending volume for a minute based periodicity bar. The projection updates in real time and can be used with any minute based periodicity. Here is the chart definition, which contains the custom indicator. Once you import the chart definition, you’ll also have the custom indicator, which can then be added to any chart of your choosing.

3 Responses to Change and Continuation As Modes of the Market

  • wow, what an informative presentation, thanks

    —Jay
    February 12, 2009 at 1:52 am

  • Bob, this is a really nice indicator, but it seems a little CPU-intensive when I switch periodicity or symbols on a chart. Is there a way to make it more efficient?

    —Jim Cole
    February 13, 2009 at 9:57 am

  • Jay, thank you for the kind words!

    Jim, open up the pref’s for the CI. Mine shows a recalc time of 0ms, which means something under 1 millisecond.

    —Bob Hoffman
    February 14, 2009 at 11:19 am

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