This is a volume alert that works on a 3-minute chart of the S&P Emini. You can download it directly from within Ensign (via "Internet Services"), from here:
Stop Morning Trading alert
Stop Afdternoon Trading alert
- The little squares are blue for each 3-minue period where the volume is greater than 3,000.
- The little squares are red for each 3-minute period where the volume is less than 3,000.
I keep this chart small, because that is all I'm interested. There are no prices or other indicators.
There are also some alerts, however.
- Zone turns red, and Pop-up Alerts is seen, when volume is below 3,000 between 11am and 1pm.
- Zone turns green, and Pop-up Alert is seen, when volume is above 3,000 between 2pm and 3pm.
The way I use this is as follows:
- In the morning, I trade my regular signals until 11:00am.
- I will continue trading after 11:00am as long as the volume remains above 3,000.
- As soon as volume drops below 3,000 after 11:00am, I will stop trading.
- In the afternoon, I start trading after BOTH 2:00pm AND volume is back above 3,000.
- During the morning, if prices drop below 3,000 in any one 3-min bar, I will continue trading as long as it is before 11:00.
- Likewise, in the afternoon, once I start trading (after 2pm and < 3k), I will continue trading even if volume drops off, as it often does.
Note that the times in the alerts are set to Pacific time, i.e. the 11:00am cut-off is set for 8:00am, etc. You will need to change the alert times manually i fyou are in a different time zone. The alerts to change are highlighted in the next below:
Template: Enthios3kVolume Chart: ES#F.3
14 Alert: Low Volume ------------------
Bar Value: Volume
Conditions: (A below B)
Number: 3000.00
Close Only: Checked
Location: Chart
Position: Top Row 2
True Marker: Square
FalseMarker: Square
14 Alert: > 8:00 Pacific Time ---------
Bar Value: OpenInt or Time
Conditions: (A above B)
Number: 800.00
Close Only: Checked
Location: Chart
Position: Top Row 2
14 Alert: < 10:00 Pacific -------------
Bar Value: OpenInt or Time
Conditions: (A below B)
Number: 1000.00
Close Only: Checked
Location: Chart
Position: Top Row 2
13 Alert: A.M. VOL Check Zone ---------
Study Flag: Alert: > 8:00 Pacific Time Alert Flag
Conditions: (A AND B)
Study Flag: Alert: < 10:00 Pacific Alert Flag
Close Only: Checked
Location: Chart
Position: Bottom Row 4
14 Alert: Vol < 3k --------------------
Bar Value: Volume
Conditions: (A below B)
Number: 3000.00
Close Only: Checked
Location: Chart
Position: Top Row 2
14 Alert: Vol > 3k --------------------
Bar Value: Volume
Conditions: (A above B)
Number: 3000.00
Close Only: Checked
Location: Chart
Position: Top Row 2
14 Alert: Stop Morning Trading --------
Study Flag: Alert: A.M. VOL Check Zone Alert Flag
Conditions: (A AND B)
Study Flag: Alert: Vol < 3k Alert Flag
Close Only: Checked
Location: Chart
Position: Top Row 2
True Marker: Zone color
Message: Stop Morning Trading
Auto Remove: Checked
14 Alert: > 11:00 Pacific -------------
Bar Value: OpenInt or Time
Conditions: (A above B)
Number: 1100.00
Close Only: Checked
Location: Chart
Position: Top Row 2
14 Alert: < 12:00 Pacific -------------
Bar Value: OpenInt or Time
Conditions: (A below B)
Number: 1200.00
Close Only: Checked
Location: Chart
Position: Top Row 2
13 Alert: P.M. VOL Check Zone ---------
Study Flag: Alert: > 11:00 Pacific Alert Flag
Conditions: (A AND B)
Study Flag: Alert: < 12:00 Pacific Alert Flag
Close Only: Checked
Location: Chart
Position: Bottom Row 1
Alert: Begin Afternoon Trading --------
Study Flag: Alert: P.M. VOL Check Zone Alert Flag
Conditions: (A AND B)
Study Flag: Alert: Vol > 3k Alert Flag
Close Only: Checked
Location: Chart
Position: Top Row 2
True Marker: Zone color
Message: Begin Afternoon Trading
Auto Remove: Checked