It is a professional tool to analyze the volumes of negotiation differentiating
purchases in the market and sales.
The formula is obtained by subtracting the ASK – BID = Delta Bar and dividing it into two components resulting in a histogram:
– Green bar: positive “aggressiveness of buyers”, BID.
– Red Bar: negative “aggressiveness of sellers”, ASK.
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/////////////////////////////////////////////////////////////////////// REM TAC Buy-Sell REM TAC Buy-Sell | indicator REM 03.07.2014 REM TAC @ www.tiburonesdealetacorta.com REM Sharing www.tiburonesdealetacorta.com //////////////////////////////////////////////////////////////////////// If subasta=1 then b=close > low and volume > high ce=close < high and volume > low if b or ce then vols=volume else vols=0 endif endif if subasta=0 then vols=volume endif VolSell=Vols+(high-low)/2 VolBuy=Vols-VolSell[1] return VolSell coloured (128,0,0) style(histogram) as "SELL VOLUME",VolBuy coloured (0,128,0) style(histogram) as "BUY VOLUME" |
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No information on this site is investment advice or a solicitation to buy or sell any financial instrument. Past performance is not indicative of future results. Trading may expose you to risk of loss greater than your deposits and is only suitable for experienced investors who have sufficient financial means to bear such risk.
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What is the value of the variable subasta?
Hi,
It is a condition that is used to hide the auction in shares in 5 minutes or Tick as shown in the link.
For futures or other instruments without auction you have to uncheck the auction option.
https://1.bp.blogspot.com/-Xw7YMa2pym0/XJXY7f9hGfI/AAAAAAAACi4/obGUv6HwXX8UXbT3EFk4ZdGseIU8KkyzgCLcBGAs/s1600/BBVADIV.jpg
Another Link of how the volume looks with or without auction “subasta”
https://www.prorealcode.com/prorealtime-indicators/tac-volume-filtro-v1/
please can you help me to understand? i know i am wrong:
Long Histogram = High Volume
Short HIstogram = Low Volume
GreenZone = Buyer volume
RedZone = Seller volume
Up Histogram = Delta Positive (buyer stronger than seller)
Down Histogram = Delta Negative (seller stronger than buyer)
but it is wrong according to the picture, because i see a lot of red up histogram
hi,
I have already seen the problem and requested that it be removed until an adequate solution is found.
Hey TAC,
Did you ever find a solution to this?