Intraday trading Support and resistance and trend |
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cmacdon
BullCharts Guru Joined: 09 Sep 2012 Location: Brisbane Posts: 236 |
Post Options Quote Reply Posted: 06 Jun 2013 at 7:16am |
In first chart above I incorrectly typed "resistance" when I mean "Support". Never was a typist.
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BC User since June 2007
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cmacdon
BullCharts Guru Joined: 09 Sep 2012 Location: Brisbane Posts: 236 |
Post Options Quote Reply Posted: 06 Jun 2013 at 7:13am |
The only variation I have done to the previous volume Multiplier indicators is that these ones now colour fill the multiplier range according to whether the price is in a relative up or down trend relative to that support or resistance range. |
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BC User since June 2007
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cmacdon
BullCharts Guru Joined: 09 Sep 2012 Location: Brisbane Posts: 236 |
Post Options Quote Reply Posted: 06 Jun 2013 at 7:10am |
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BC User since June 2007
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cmacdon
BullCharts Guru Joined: 09 Sep 2012 Location: Brisbane Posts: 236 |
Post Options Quote Reply Posted: 06 Jun 2013 at 7:09am |
Paul
I do not use Course of Trades Report from Bull charts but it seems to be just Price level x Volume = Value of trades. If you look at the Natural Support and Resistance Based on Volume posts in this Forum I think you can find a Volume Multiplier you can use on intraday charts that will save you a lot of time analyzing a course of trades report. I will post two examples below for a 10 Minute and 30 Minute charts showing that playing around with the Volume Multiplier finds the main Support levels. |
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BC User since June 2007
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paulchow2k
Newbie Joined: 15 Oct 2010 Posts: 7 |
Post Options Quote Reply Posted: 05 Jun 2013 at 11:50pm |
Hi Charles,
Regarding intraday over the weekend or holidays, I find that using course of trades to find where price creates support and resistance levels. So on each bar, I could tell where support and resistance is. I just don't know if there is a bullcharts script for that. Regards Paul |
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cmacdon
BullCharts Guru Joined: 09 Sep 2012 Location: Brisbane Posts: 236 |
Post Options Quote Reply Posted: 28 Dec 2012 at 3:17pm |
Sorry forget my short note immediatly above, I am confusing myself with different time periods The First code is correct with 24 setting for a 15 minute bar chart and 24 bars identified in the Opbar definition
Second code is correct for a setting of 72 for 5 minute charts and 72 bars coded in the Opbar definition. Charles
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BC User since June 2007
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cmacdon
BullCharts Guru Joined: 09 Sep 2012 Location: Brisbane Posts: 236 |
Post Options Quote Reply Posted: 28 Dec 2012 at 2:59pm |
On the code posted above change the indicator setting to 72 not 60 (i.e 12 X 5mins per hour X 6 Hours per trading day Below is code for 5 minute bars compared to previous hour high or Low[target =price; author= C MacDonald; ]
{ e.g 24 for 15minute charts and 72 for 5 min charts} n := input("Divide 6 hours by intraday time period",72); { This is intended to only show indicators at begining of the day so can position for day trading without clutter} {Identifies first bar of the day See Definition under Hour in Help} prelimOpBar:= if(Minute<hist(Minute,1),1,undefined); OpBar:= if(Hist(prelimOpBar,1) OR Hist(prelimOpBar,2) OR Hist(prelimOpBar,3) OR Hist(prelimOpBar,4) OR Hist(prelimOpBar,5) OR Hist(prelimOpBar,6) OR Hist(prelimOpBar,7) OR Hist(prelimOpBar,8) OR Hist(prelimOpBar,9) OR Hist(prelimOpBar,10) OR Hist(prelimOpBar,11) OR Hist(prelimOpBar,12) OR Hist(prelimOpBar,13) OR Hist(prelimOpBar,14) OR Hist(prelimOpBar,15) OR Hist(prelimOpBar,16) OR Hist(prelimOpBar,17) OR Hist(prelimOpBar,18) OR Hist(prelimOpBar,19) OR Hist(prelimOpBar,20) OR Hist(prelimOpBar,21) OR Hist(prelimOpBar,22) OR Hist(prelimOpBar,23) OR Hist(prelimOpBar,24) OR Hist(prelimOpBar,25) OR Hist(prelimOpBar,26) OR Hist(prelimOpBar,27) OR Hist(prelimOpBar,28) OR Hist(prelimOpBar,29) OR Hist(prelimOpBar,30) OR Hist(prelimOpBar,31) OR Hist(prelimOpBar,32) OR Hist(prelimOpBar,33) OR Hist(prelimOpBar,34) OR Hist(prelimOpBar,35) OR Hist(prelimOpBar,36) OR Hist(prelimOpBar,37) OR Hist(prelimOpBar,38) OR Hist(prelimOpBar,39) OR Hist(prelimOpBar,40) OR Hist(prelimOpBar,41) OR Hist(prelimOpBar,42) OR Hist(prelimOpBar,43) OR Hist(prelimOpBar,44) OR Hist(prelimOpBar,45) OR Hist(prelimOpBar,46) OR Hist(prelimOpBar,47) OR Hist(prelimOpBar,48) OR Hist(prelimOpBar,49) OR Hist(prelimOpBar,50) OR Hist(prelimOpBar,51) OR Hist(prelimOpBar,52) OR Hist(prelimOpBar,53) OR Hist(prelimOpBar,54) OR Hist(prelimOpBar,55) OR Hist(prelimOpBar,56) OR Hist(prelimOpBar,57) OR Hist(prelimOpBar,58) OR Hist(prelimOpBar,59) OR Hist(prelimOpBar,60) OR Hist(prelimOpBar,61) OR Hist(prelimOpBar,62) OR Hist(prelimOpBar,63) OR Hist(prelimOpBar,64) OR Hist(prelimOpBar,65) OR Hist(prelimOpBar,66) OR Hist(prelimOpBar,67) OR Hist(prelimOpBar,68) OR Hist(prelimOpBar,69) OR Hist(prelimOpBar,70) OR Hist(prelimOpBar,71) OR Hist(prelimOpBar,72), 1,undefined);
{Identifies first bar of the day See Definition under Hour in Help} [name =Maxed Out Ultra High Vol; Width=1; linestyle=verticalmarker; Color=Black] { Ultra High Volume} if (Minute<hist(Minute,1),c,undefined);
[linestyle =horz step] a:= if(prelimOpBar,highest(Hist(High,1),n),undefined); a; b:= if(prelimOpBar,Lowest(Hist(Low,1),n),undefined); b;
[linestyle =horz step; color=Black; Width=2;] G50:=b+0.5*(a-b); G50; [linestyle =dotted step; color=Blue; Width=1;] G75:=b+0.75*(a-b); G75; G25:=b+0.25*(a-b); G25; [linestyle =dotted step; color=red;] G66:=b+0.666666*(a-b); G66; G33:=b+0.333333*(a-b); G33;
[name =Fill; linestyle=fill step; color =Cyan;] a; b;
[linestyle =pricecolor]
[color =Cyan] If (Opbar=1 AND Close>=valuewhen(1,prelimOpBar,a),1,undefined);
[color =Lime] If (Opbar=1 AND Close>=valuewhen(1,prelimOpBar,g50),1,undefined);
[color =Black] If (Opbar=1 AND Close<valuewhen(1,prelimOpBar,b),1,undefined);
[color =Red] If (Opbar=1 AND Close<valuewhen(1,prelimOpBar,g50),1,undefined);
[color =Blue] true; |
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BC User since June 2007
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cmacdon
BullCharts Guru Joined: 09 Sep 2012 Location: Brisbane Posts: 236 |
Post Options Quote Reply Posted: 28 Dec 2012 at 2:54pm |
Code for 15 minute bars compared to day before High or Low.
I forgot to mention I also [target =price; author= C MacDonald; ]
{ e.g 24 for 15minute charts and 60 for 5 min charts} n := input("Divide 6 hours by intraday time period",24); { This is intended to only show indicators at begining of the day so can position for day trading without clutter} {Identifies first bar of the day See Definition under Hour in Help} prelimOpBar:= if(Hour<hist(Hour,1),1,undefined); OpBar:= if(Hist(prelimOpBar,1) OR Hist(prelimOpBar,2) OR Hist(prelimOpBar,3) OR Hist(prelimOpBar,4) OR Hist(prelimOpBar,5) OR Hist(prelimOpBar,6) OR Hist(prelimOpBar,7) OR Hist(prelimOpBar,8) OR Hist(prelimOpBar,9) OR Hist(prelimOpBar,10) OR Hist(prelimOpBar,11) OR Hist(prelimOpBar,12) OR Hist(prelimOpBar,13) OR Hist(prelimOpBar,14) OR Hist(prelimOpBar,15) OR Hist(prelimOpBar,16) OR Hist(prelimOpBar,17) OR Hist(prelimOpBar,18) OR Hist(prelimOpBar,19) OR Hist(prelimOpBar,20) OR Hist(prelimOpBar,21) OR Hist(prelimOpBar,22) OR Hist(prelimOpBar,23) OR Hist(prelimOpBar,24), 1,undefined); {Identifies first bar of the day See Definition under Hour in Help} [name =Maxed Out Ultra High Vol; Width=1; linestyle=verticalmarker; Color=Black] { Ultra High Volume} if (Hour<hist(Hour,1),c,undefined); [linestyle =horz step] a:= if(prelimOpBar,highest(Hist(High,1),n),undefined); a; b:= if(prelimOpBar,Lowest(Hist(Low,1),n),undefined); b;
[linestyle =horz step; color=Black; Width=2;] G50:=b+0.5*(a-b); G50; [linestyle =dotted step; color=Blue; Width=1;] G75:=b+0.75*(a-b); G75; G25:=b+0.25*(a-b); G25; [linestyle =dotted step; color=red;] G66:=b+0.666666*(a-b); G66; G33:=b+0.333333*(a-b); G33;
[name =Fill; linestyle=fill step; color =Cyan;] a; b; [linestyle =pricecolor] [color =Cyan] If (Opbar=1 AND Close>=valuewhen(1,prelimOpBar,a),1,undefined);
[color =Lime] If (Opbar=1 AND Close>=valuewhen(1,prelimOpBar,g50),1,undefined);
[color =Black] If (Opbar=1 AND Close<valuewhen(1,prelimOpBar,b),1,undefined);
[color =Red] If (Opbar=1 AND Close<valuewhen(1,prelimOpBar,g50),1,undefined);
[color =Blue] true; {This adds single tezxt calc of the daily spread as a %} Spreadtxt := Valuewhen(prelimOpBar,((a/b)-1)*100); {This part displays the latest daily spread as a percentage} sptx:= IF(systemdate=Systemdate ,SpreadTxt, Undefined); [linestyle =Text; textalign=Above,Left; target=price; visible=yes] if (barnumber=lastvalue(barnumber), Round(sptx,2) + "% Spread DB4" , undefined);Low*0.98; put in a clculation on curent day of teh % price spread of the day before |
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BC User since June 2007
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cmacdon
BullCharts Guru Joined: 09 Sep 2012 Location: Brisbane Posts: 236 |
Post Options Quote Reply Posted: 28 Dec 2012 at 2:50pm |
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BC User since June 2007
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cmacdon
BullCharts Guru Joined: 09 Sep 2012 Location: Brisbane Posts: 236 |
Post Options Quote Reply Posted: 28 Dec 2012 at 2:49pm |
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BC User since June 2007
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