by fortcentral » Wed Feb 06, 2019 9:52 am
Dear Apprentice,
Thank you for getting this through. The "squat" signal is regarded as the most powerful of the four signals. I ran a few tests using forex pairs and unfortunately the "tick.volume" is not generating reliable signals. Using "Real Volume" indicator data to calculate the "squat" signals is generating much more reliable signals!
The squat bar is typically a low-range, high-volume bar. Currently, the indicator is picking up many high range low volume bars (as measured based on the real volume data) in Marketscope. This could be an issue of using retail trade data, where there may be higher transactions, but which may not amount to large overall volume due to the relatively smaller size of these numerous transactions.
Could you please confirm:
1) The thinking behind the "range" input in the parameter section?
2) Is it possible to only have the "squat" arrows on the price chart, rather than the 4-colour bar panel?
3) Is it possible to use "real volume" data in the "squat" indicator calculation? Tick volume is not getting reliable results as noted above.
Thanks,
Fortcentral