Volume score

orderprints
volume-score
vs

#1

ABOUT THE VS:

Volume Score (VS) is a feature of order prints that rates the strength in each bar in real time. It will change as the bar forms, therefore, the number is only important after the bar closes. The lower the number, the stronger the bar is. It is mainly used as a confirmation of your existing setup. It is not a measure of volume.

A small number indicates a strong bar which occurs in the middle of a strong trend, but also before a reversal tells us there was a bull/bear battle and the trend may be ready to give up.

If there are three sequentially increasing numbers before a reversal, this tells us the trend is likely just fizzling out.

If there are two or three bars in a row with numbers less than 10 or even the same number, there is a high likelihood of a trend reversal if the next bar closes in the opposing direction.

VS over 1000 denotes a relatively big move coming. It does not give direction or entry, but it does give you a heads up that a move is coming and you might want to give your trail more room. Look for a valid entry after a score that large. Often the first entry given is a mini magnet cross.

Score of 200-999 denotes an area it will retrace to. If the number is divergent, it will often retrace to the area several times.

If there are two bars with the same VS number (11 or under) just before the reversal bar, that increases the likelihood for a good reversal setup there.

A small number of 11 or less on the bar before the reversal bar is a good confirmation of a reversal setup.

When a divergent bar appears, then a low VS and the next bar is a reversal bar, this is extra confirmation for the setup and makes the setup more likely to profit. Divergent, low, reverse and go (DLRG)

SETTINGS:

Where to turn on. Its inside the order prints indicator near the bottom.

There are adjustments so the numbers print uniform for a chart that is not a full on order prints chart. In settings #11, set false to font size autoscale. Then go into #12, font and set to whatever you prefer, 12 is a popular size. The score is easier to see if bold is set to false also. It also seems to be less distracting if all scores are set to one color with only the divergent ones set to a different color like orange the same order prints sets its divergent bars. It is set to print in a box at the top of the bar like total and net volume. If you put this on a chart other than just order prints, set all these boxes and backgrounds to transparent.

ALERTS:

The alert threshold should be set to 1000 if an alert is desired to a relatively big move coming. If alerts are desired to be on, always set to on bar close. There will be too many alerts if alert is on instant. Instant alerts were thought to be an early alert, but that is not the case. Leave them set to false.


Elite Room terms & acronyms