ES Short Term Trading 8-5-2010
Thanks for that dda!
Originally posted by dda
You need the pro version of IRT or MD to use a custom indicator,
then it's a simple formula for the CI:
(VOL.14+VOL.28+VOL.42+VOL.56+VOL.70)/5 and add it to the chart.
The VOL.14 is taking the volume value of 14 bars ago. On a 30 min. chart it's exactly one day ago (RTH). For a 15 min. chart you need to double the values.
Holiday sessions can mess up the indicator, but they're rare..
Here's how a Custom Indicator looks like:
http://www.linnsoft.com/tour/customIndicator.htm
No problem Lorn, msg me if need any help
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