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Select Numbers Bar Calculated Values study

IN5: Effective Main Study depends upon Numbers Bar Calculated Values. Supply the StudyID of it.

Display Value Area Gap Extension

Subgraphs

Exhaustion_Up, Exhaustion_Down,

Knowing that sellers or buyers are exhausted is very useful. Subgraph is marked at the edge price level. In a green bar, exhausted sellers at the bottom Bid price level. In a red bar, exhausted buyers at the top Ask price level.

The Exhaustion Threshold (In:3) is configurable and symbol specific. For 6E I use 6 or 3.

BarBidAskImbalanceUp, BarBidAskImbalanceDown,

PriceLevelBidAskImbalanceUp, PriceLevelBidAskImbalanceDown,

SlingShotPocUp, SlingShotPocDown,

For bullish slingshot POC, two green bars, where the 2nd bars Point of control is lower than the first bar POC. For bearish slingshot POC, two red bars, where the 2nd bars Point of control is higher than the first bar POC.

PairedPoc,

PocWaveUp, PocWaveDown,

A 3 bar setup. For a bullish Point of Control Wave, first bar is red, second bar and third bars are green. 2nd bar POC is lower than first and 3rd bar POC is higher than first bar POC. For a bearish POC Wave Down, it is the reverse.

ZeroPrintUp, ZeroPrintDown,

ProminentPocBullish, ProminentPocBearish,

Bearish example shown with prominent POC extension line.

UntestedValueAreaProminentPocUp, UntestedValueAreaProminentPocDown,

EngulfingValueAreaUp, EngulfingValueAreaDown,

GapUpTop, GapUpBottom, GapDownTop, GapDownBottom,

VolumeDeclineBullishTop, VolumeDeclineBullishBottom, VolumeDeclineBearishTop, VolumeDeclineBearishBottom,

Progressively weak volume at the edges of the bar. Volume Decline is measured over 3 price levels. Configurable with Settings Display Volume Decline (In: 17). InputVolumeDeclineThreshold (In: 38) can be used to set a required factor for the rate of decline between the price levels. In a green bar, the bottom 3 Bid price levels are checked. In a red bar, the top 3 Ask price levels are checked.

RetailSuckUp, RetailSuckDown,

In a green bar volume decline in the bottom 3 Bid price levels. In a red bar volume decline in the top 3 Ask price levels.

DeltaTailUp, DeltaTailDown,

In a red bar, the only ask price level volume greater than the horizontal bid volume is the top Ask price volume. In a green up bar, the only bid price level volume greater than the horizontal ask volume is the bottom bid price volume.

OpenPocUp, OpenPocDown,

In a red bar, the point of control is lower than the lows of the previous N (5) bars. In a green bar, the point of control is higher than the highs of the previous N (5) bars. The Lookback amount of bars depends on symbol and chart type, default value is 5 bars.

AboveAbove, BelowBelow,

A green bar, where open and closing price levels are above the Point of Control. A red bar, where open and closing price levels are below the Point of Control.

ValueAreaIslandUp, ValueAreaIslandDown,

MomentumBullish, MomentumBearish,

A trend line needs to be configured. When an edge of a bar is close to a median line then look for exhaustion. In a green bar, the bar low must be close and above the line. In a red bar, the bar high must be close and below the line. The amount of ticks closeness to the trend line (IN 36: Maximum Bar edge distance to Momemtum line (in ticks)) is configurable and well as the trend line to be used (IN 35: Select Momentum Line Subgraph). Bollinger Band, Median line is good choice for the trend line.

PocPopBullish, PocPopBearish,

For a bullish Point of control pop, the green next bar contains a POC level below the low of the red bar. For a berish Point of control pop, the red next bar contains a POC level above the high of the green bar.

AccumulationBullish, DistributionBearish,

In a green bar, there is accumulation if the largest volume of any of the price levels in the bar is on the Bid side. In a red bar, there is distribution when the largest volume is on the Ask side.