The only indicator package of its kind, Vol.T™ simultaneously diagnoses the volume-trend and tick-pressure of a trading instrument using various techniques that provide trading signals based on buying or selling pressure (rather than just movements in price).
The Vol.T™ Indicator Package contains the most comprehensive and diverse collection of volume-based and tick-based trading indicators available on the commercial market. By approaching volume analysis from every possible angle, Vol.T™ Indicators enable traders to utilize volume and tick data more effectively than ever before.
Whether you are a trend-trader or a scalper, Vol.T™ is essential to intra-day traders who wish to utilize volume analysis to improve their trading performance.
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*** Also Includes our Dynamic Trailing Stop (DTS) -- A $95 Value ***
The Vol.T™ Trigger continuously calculates current and historical Tick data streams for any symbol that has tick data; showing its user exactly when and where buying pressure, selling pressure and profit-taking are occurring. It automatically processes four separate groupings of calculations in order to plot one of the smoothest, most accurate and robust Tick-based Indicators available on the retail market today.
Before plotting its value as a color-coded line, the Vol.T™ Trigger:
1) Continuously compiles all Tick Data during each bar in real-time, counting Cumulative Ticks, Upticks and Downticks;
2) Analyzes multiple Tick-Ratio and Tick-Spread calculations for the current bar
3) Compares these values against all Tick-Ratios and Tick-Spreads of the Vol.T Length interval period (amount of bars) in order to determine a scalable measure of Tick-Pressure;
4) Automatically applies a scaled smoothing factor to both the value and the slope of the Vol.T™ Trigger.
We at Fibozachi have designed the Vol.T™ Trigger to plot a Dark Green line when its values are rising and a Purple line when its values are falling. This enables its user to see turns or shifts in buying/selling pressure the instant that they occur; allowing for earlier trade entries, which can greatly enhance risk/reward ratios. By combining the position and slope of the Vol.T™ Trigger relative to the ZeroLine, users can accurately diagnose the true internals of any trading vehicle that has tick data.
The Vol.T™ Oscillator combines volume, price and volatility within a formula that measures the overall trend of a trading vehicle. This trend calculation is automatically scaled and smoothed before being plotted as a color-coded indicator that oscillates between positive and negative values. By combining the color, slope, and position of the Vol.T™ Oscillator relative to the ZeroLine, you can accurately diagnose the true internals of any trading vehicle that has volume data.
The values plotted on the right axis are in reference to a complex volume calculation that will be different for each trading vehicle and interval period; they are relatively unimportant with the exception of extremely high or low values. Such rare instances can show where cumulative buying or selling pressure reaches an unsustainable extreme, typically leading to an immediate reversal.
The Vol.T™ PaintBar colors each plotted bar according to the Vol.T™ Oscillator’s values, so that users can immediately identify the underlying Volume-Trend conditions without the need for any indicator subpanels. The Vol.T™ PaintBar also enables users to select between Fixed or Gradient Shading options; enabling traders to clearly see any shifts or divergences between volume and price as they occur. The next section explains the advanced color-coding features of the Vol.T™ Indicators in full detail.
When price makes new highs without Green colored bars, we know that volume and price are in disagreement; implying that the upward trend is losing its steam and may not be sustainable.
When price makes new lows without Purple colored bars, we know that volume and price are also in disagreement; implying that the downward trend is losing its steam and may not be sustainable.
When price consolidates sideways and the color of each bar changes, we can establish a preemptive bias towards immediate price action based on the cumulative direction of volume flow; sideways consolidations in price action that exhibit significant shifts in volume often precede significant reversals in price.
The Vol.T™ PVT Indicator determines the “Price-Volume Trend” of any symbol that has volume data. ‘Up Volume’ and ‘Down Volume’ are calculated in a unique way that it is based entirely upon the price action of each bar. At first this may seem counterintuitive, but it is actually a very effective way of diagnosing the underlying trend based on a harmonious balance between Price and Volume. ‘Up Volume’ and ‘Down Volume’ values are obtained by analyzing various relationships between the Open, High, Low and Close of each bar.
The Vol.T™ Cumulative PVT is similar to the Vol.T™ PVT Indicator, however it shows the cumulative PVT throughout the entire trading session (starting and ending times are fully customizable).
By using the PVT Cumulative mode, a new PVT Total is calculated starting with the first bar of each session. Rather than showing the PVT over the last "X" amount of bars (i.e. a 14-period PVT), the PVT Cumulative updates after each bar to show you the volume-trend throughout the entire duration of the session. Monitoring the Cumulative PVT throughout the session allows traders to easily and accurately determine if there is a harmonious relationship between price and volume.
The Vol.T™ MoneyFlow Indicator employs a proprietary algorithm that utilizes a special ratio of Price and Volume to diagnose the internal health of any symbol. The “Money-Trend” is calculated by analyzing both price fluctuations and volume fluctuations that occur during each bar. Ideally, both price and volume should be moving in unison during both uptrends and downtrends.
By monitoring the Vol.T™ MoneyFlow, traders can determine the strength and direction of the “Money-Trend” over the last “X” bars. By only trading in the same direction as the “Money-Trend”, you can avoid bad trades and can be confident that they are trading alongside a healthy trend of both price and volume.
The Vol.T™ MoneyFlow Cumulative Indicator differs from the Vol.T™ MoneyFlow Indicator by showing the cumulative “Money-Trend” throughout the entire trading session (starting and ending times are fully customizable).
A fresh MoneyFlow total is calculated starting with the first bar of each session. Rather than showing the MoneyFlow value over the last "X" amount of bars (i.e. a 14-period PVT), the Cumulative MoneyFlow updates after each bar to show you the real-time progression of the “Money-Trend” throughout the entire duration of the session. Monitoring the Cumulative MoneyFlow throughout each session enables traders to accurately determine if there is a harmonious relationship between price and volume, which helps one avoid taking poor trades against the trend.
The Vol.T™ TSV Indicator employs the unique concept of Time-Segmented Volume Analysis, which enables traders to visualize and interpret volume data much more effectively than traditional methods.
There are inherent flaws that exist when analyzing raw volume data:
1) The open of each trading session has a very large amount of volume
2) The close of each trading session has a very large amount of volume
3) The middle of each trading session (lunch hours) has very low volume
These flaws skew and distort volume data, which renders it virtually useless to traders and technicians; analyzing volume for the day proves to be ineffective, since it offers very little insight into when and where important buy/sell orders actually took place. Therefore, the only way to effectively gauge the volume of each bar during a trading session is to compare it to the average volume for the same exact bar during previous trading sessions, which is exactly what the Vol.T™ TSV Indicator does.
The Vol.T™ TSV Indicator plots volume as a percentage for each bar during the trading day. It works by comparing the volume of each bar to the average volume of the same exact bar over the previous “X” trading days.
Example (Using 5-minute chart and 30 days of Historical Price Data)
► If the Vol.T™ TSV has a value of “500” at 1:30 pm, it means that the volume of the 5-minute bar at 1:30pm is 500% greater than the average volume of the 1:30 pm bar over the last 30 trading days.
TSV (White) vs. Volume (Yellow)
The following screenshots show a comparison of traditional volume vs. Vol.T™ TSV for an entire trading day … note how only Vol.T™ TSV reveals the ‘true’ volume profile of each bar.
The Vol.T™ TSV Indicator also gives users the option to plot the cumulative TSV value in real-time over the course of each trading day. Starting with the first bar of each day, the daily TSV total is compared against the previous “X” trading days and a Cumulative TSV value is calculated in real-time as bars continue to plot. The final value is expressed as a percentage and shows whether the Cumulative TSV is above average (greater than 100%) or below average (less than 100%) at each point throughout the trading day.
The Vol.T™ TSV Indicator also gives users the option to plot the TSV Average of the last “X” amount of bars. The default value is set to “20”, which shows the average TSV value of the last 20 bars.
The Vol.T™ TSV Indicator also allows users to customize plot colors for certain conditions, which simplifies chart analysis by effectively conveying only the most important information.
High Cumulative TSV Color = Cumulative TSV > 100%
Low Cumulative TSV Color = Cumulative TSV < 100%
High Volume Bar Color = TSV > High Volume Minimum Threshold
Low Volume Bar Color = TSV < Low Volume Maximum Threshold
This indicator shows the average rate of change of the Vol.T™ TSV, as opposed to standard volume. Again, using a Rate of Change (ROC) indicator with normal volume results in the same exact scenario each and every trading session …
Start of Session = High Volatility
Middle of Session = Low Volatility
End of Session = High Volatility
Therefore, we have created an ROC indicator based on the Vol.T™ TSV so that traders can now see when and where volume-based volatility truly occurs. The result is a much more effective, much more useful ROC indicator, which reveals a unique story for volatility during each trading session.
The Vol.T™ Oscillator, Vol.T™ PVT and Vol.T™ MoneyFlow include our state of the art “Divergence Engine”, which has the ability to automatically detect any valid bullish or bearish divergence between the Indicator and Price. When any valid divergence is detected, the indicator automatically draws a divergence trendline directly onto the chart, alerting you to the increased likelihood of a price reversal. It also includes fully customizable audio and visual alerts so that you can be sure of never overlooking valid divergence signals again.
Our Divergence Engine is unique in that it is truly the most advanced, most customizable tool of its kind available on the commercial market. Traders can now take full advantage of the special features that only our Divergence Engine offers:
Turn Divergences & Divergence Alerts On/Off
Show “Filtered Divergences Only” Option
Automatically Draws Divergence Trendlines on Price & Subpanel
Customizable Color-Coding of Bullish & Bearish Divergences
Modify “Divergence Lookback Length”
Modify “Left Pivot Strength” and “Right Pivot Strength” Independently
Calculates Price Pivots using Closing Price or High/Low Price
Detects Long-Term Divergences by Using 3 Pivots
The Vol.T™ Indicator Package also includes special pre-formatted “Market Analyzer” and "RadarScreen" Indicators and templates for all NinjaTrader and TradeStation users. All of the columns, colors and text are completely customizable so that you can personalize it to your own preferences. As you can see from the screenshot below, using Vol.T™ with the TradeStation RadarScreen or NinjaTrader Market Analyzer allows you to quickly scan an entire list of symbols for the most important information in just seconds! You can also sort the data by any column to organize your scan results into easy-to-read lists.
The following screenshots overlay the Vol.T™ Trigger directly onto the price chart. By overlayed the Vol.T™ Trigger on the chart, it can help to provide easier to see visuals and also organizes and simplifies your workspace by removing a sub-graph or an extra panel. We at Fibozachi frequently employ this method of overlaying the Vol.T™ Trigger because we find it much easier to identify reversals and important turning points.
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