Bull & Bear Volume-by-Price levels

v10.3
Bull & Bear Volume-by-Price levels

This “Volume-by-Price” indicator shows the amount of volume for a particular price range selected with the “lookback” setting, which is based on closing prices. The bars are horizontal and shown on the left side of the chart to correspond with these price ranges. The bars are separated into 2 colors to clearly identify the bull and bear Volumes in each price range. By combining volume and closing prices, this indicator can be used to identify high-volume price ranges to mark support or resistance.

The code shows 12 Volume-by-Price bars by default, but users can increase or decrease this number to suit their preferences with the “NbrBars” setting. Be aware that due to some ProBuilder limitations, this setting, as well as the lookback one, cannot be extended very much.

For a better visualization of which side has higher volumes on each price range, I added a small square of the corresponding color.

The ScaleFactor setting is used to adapt the length of the bars, depending of your choice to have small or big bars plotted over the price chart.

 

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Risk disclosure:

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.

ProRealTime ITF files and other attachments : How to import ITF files into ProRealTime platform?

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  1. Kris75 • 58 days ago #

    StartVol=highest[400](high)
    for j=0 to 4000 do
    if high[j]=StartVol then
    Start = j
    break
    //break//else
    ////StartBar =1
    endif
    next

  2. Kris75 • 58 days ago #

    celui-la

    StartVol=highest[400](high)
    for j=0 to 400 do
    if high[j]=StartVol then
    Start = j
    break
    //break//else
    ////StartBar =1
    endif
    next

  3. Kris75 • 55 days ago #

    Hello Nicolas,
    Pour info tous les commentaires ont disparu !!!

    • Nicolas • 55 days ago #

      il faut cliquer sur ‘older comments’.

  4. Kris75 • 53 days ago #

    ‘older comments’ non visible pour moi ;
    idem pour la barre supérieure ou l’on peut ‘souscrire’ et mettre en ‘favori’

  5. Kris75 • 53 days ago #

    pb reproduit sur edge

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