Price/Volume Relationship

[NihabaAshi]

Quote from fiveshorts:

...But I don't feel I've gleaned any clues as to how to proceed, beyond staring at a chart for 12 years and (possibly) figuring it out for myself (re-inventing the wheel)...

I've walked in super-late to this debate, but if anyone's still out there who'd be willing to turn my head in a constructive direction — towards the latest PV information — I'd be truly grateful.

Many thanks.

You read the wrong thread.

There are other PV threads much more in-depth and without the debates.

Use ET search menu to find them.

http://www.elitetrader.com/vb/search.php?s=

Mark

 

[fiveshorts]

Quote from ehsmama:

This is what works and I HAVE Backtested it.
Entry Rules
If P Up and V Up Buy
If P Up and V NOT Up Buy
Exit Rules
If P Down and V Up Sell
If P Down and V down Sell

Try it - This PV relationship works like charm

Do you work on a specific TF, and when you say "up", do you mean on a per-bar basis, or a trend-basis?

Many thanks.

 

[EdgeHunter]

Quote from ehsmama:

This is what works and I HAVE Backtested it.
Entry Rules
If P Up and V Up Buy
If P Up and V NOT Up Buy
Exit Rules
If P Down and V Up Sell
If P Down and V down Sell

Try it - This PV relationship works like charm

...scratching head.... ??

If Price up Buy - If Price Down sell... volume does not seem to be of any importance... ?

<img src="http://www.enflow.com/p.gif">

 

[nkhoi]

Quote from EdgeHunter:

...scratching head.... ??

If Price up Buy - If Price Down sell... volume does not seem to be of any importance... ?

..

yup! if you simplify the formular that's what you get, it helps if you are a programmer.

 

[spinoza]

Quote from ehsmama:

This is what works and I HAVE Backtested it.
Entry Rules
If P Up and V Up Buy
If P Up and V NOT Up Buy
Exit Rules
If P Down and V Up Sell
If P Down and V down Sell

Try it - This PV relationship works like charm

ehsmama,
What # minute bars are you using?
Have you tried it with the eminis (ES, ER2)?

 

[Spydertrader]

Quote from spinoza:


Have you tried it with the eminis (ES, ER2)?

The above works in any market, on any time frame - provided sufficient liquidity exists.

- Spydertrader

 

[mcichocki]

Quote from nkhoi:

don't know about "feels right? but it sure look good i.e. vol low leads to price b/o

Nice post...its all about supply and demand. The volume combined with candles can show that better than anything.

I still have lots to learn but this much I'm glad I know.

 

[fiveshorts]

Quote from NihabaAshi:

You read the wrong thread.

There are other PV threads much more in-depth and without the debates.

Use ET search menu to find them.

http://www.elitetrader.com/vb/search.php?s=

Mark

Thank you Mark, will do
I assumed this couldn't be the only discussion (battle) available...

 

[increasenow]

Quote from gqguy2003:

Is there volume on the large contract of the spoos?

none at all...trade the ES

 

[bighog]

What is a Limit order? What is a mkt order? .......... A limit order is an impending order to be filled dependent upon price movement. Ditto for a mkt order. Once the impending order is filled the amount of cars/stocks filled will be reflected (keyword = reflected) in volume statistics, not before.

A mkt order works faster since it demands immediate attention attributed to the immediate price change that has shown up on the persons screen.

Volume is always "ZERO" volume until price triggers orders.

This puts to rest the volume leads price silliness once and for all.

There is no volume until a price change hits the order to send it.


If anyone still "thinks, believes" volume leads, please seek professional help ASAP.

Merry Christmas and Happy new year