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.

 

Share this

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?

New! PRC is also now on YouTube, subscribe to our channel for exclusive content and tutorials

  1. juanj • 14 days ago #

    Love It!

  2. Marcel • 14 days ago #

    Great job, just what I needed.

  3. juanj • 14 days ago #

    The only problem is that it takes forever to load, even after changing calculateonlastbars=200

    • Nicolas • 14 days ago #

      You’ll need at least 201 bars for a 200 bars lookback. About loading time, I can’t help more sorry …

  4. Marcel • 14 days ago #

    Loading time is surmountable if you trade om the daily timeframe.

  5. ALE • 13 days ago #

    Great!

  6. James Bonnd • 9 days ago #

    do u have indicator for binary???

  7. Eloi • 7 days ago #

    Bonjour Nicolas, Merci ! Excellent code. Les zones sont à égales distances les unes des autres. Y aurait pas moyen d’affiner ?

    • Nicolas • 7 days ago #

      Désolé je n’ai pas compris la question.

  8. Eloi • 7 days ago #

    Excuse-moi, je n’étais peut être pas clair. Sur certaines zones, le prix passe à de très nombreuses reprises sur d’autres beaucoup moins. J’aimerai pouvoir différencier cela. Est-ce possible ?

    • Nicolas • 6 days ago #

      Je ne comprends pas de quelles zones on parle ? Le graphique représenté ici est simplement une somme des volumes sur les x dernières périodes et divisé en 12 parts égales.

  9. Eloi • 6 days ago #

    Ok je comprend mieux. Merci Nicolas

avatar
Register or

Likes

avatar avatar avatar avatar avatar avatar avatar avatar avatar avatar
Related users ' posts
Carlos Garcia Y yo. Cómo lo programaríais?
bolsatrilera con un pequeño añadido. He puesto los circulos en color negro.
bolsatrilera EM MONEY FLOW INDEX + ALERTS //@version=3 // on platform Tradingview by DreamsDefined //a...
TAC Bolsa You confuse the reading of the volume. In order for a UPTHRUST to be fulfilled, it is fol...
TAC Bolsa If you look for an indicator that is sailing, use the indicator https://www.prorealcode.com...
Bon Zo Hey, thanks i made a little research with the links you provide on your website and i read W...
TAC Bolsa Estas equivocado al 99,9%. La correlación entre las series de precios y volúmenes las des...
Domenec Si hablas de un indice regional como el Ibex es posible que sea asi yo nunca lo he operado y...
TAC Bolsa Regional de Mostoles, en una cosa tienes razón mejor dejarlo aquí...
Nicolas Thank you Xusto. Thank you a lot for your contribution :) Since your code is a Pathfinder'...
Xusto Hello, Fully Agree, I will update it with your advice. Btw Can would you like share you co...
TAC Bolsa
2 months ago
TAC Bolsa From this link: I recommend these improved versions for prorealtime. https://www.tiburonesd...
luxrun Thank you so much Tac BOLSA, I can not post the picture tonight I'll try tomorrow. I loaded ...
TAC Bolsa A new version of TAC Volume HPI DIV10.4 is available. that marks the divergence In the fo...
Nicolas This is not the right place, please open a new topic in ProOrder forum. This question has be...
claudio1964 Hello Nicolas great indicator, I use it on prorealtime, can I have a code version for Webank...
Nicolas I think that it could work if you remove "style(histogram)" from the last line of the code.
Real Pro working now, sorry for the bother
David29 BONJOUR, Félicitations pour cet indicateur. Avez-vous une idée de comment créer une strat...
Nicolas Je pense que ça a déjà été codé quelque part sur le forum. Dans la négative merci d'ouvrir u...
beppe8949 Ciao Nicolas! Perdonami, ma come si fa a estendere il periodo dell'indicatore a 100 000 unit...
beppe8949 No ok ho risolto! Grazie :)
stecr Ciao a tutti e a NIcolas, vpoichè con lo zigzag non è attendibile l'ultima barra (visto che...
gabri Kris, I will answer on the forum at the following address https://www.prorealcode.com/topic/...
segie Hi Guys, Will it be possible to add "Texts" to this code. When the bull line crosses over...
gabri Segie, I can add text on the graph of THIS indicator. To add text ALSO on the price graph yo...
Alai-n I also have the same problem that I can not solve especially on LowVolume (Yellow) ... Sorry
Mert No need to apologise, my friend. It is great code. I hope you find a solution soon. Regards.
gabri I think it's because the lookback period changes at every new bar and that means that many c...
Thomas007 It's a very powerful tool. Thanks for sharing! The Signal crosses the Trader a few times but...
rb-72 Thank you, area of twist by dilatacion of the price, missing part of the code that is not pu...
Thomas007 after reading your blog now I understand why there is only a part of your code here. I'm try...
Stenozar Hi, which timeframe do you use? have you tried with Dax? thanks
rb-72 5 Minutes, 15 Minutes, The most effective 1 Hour below 0 or above 0 as a turn signal in the ...
hamid1736 Hi Nicolas, I couldn't find a better way to ask you my question. I have a problem of findin...
Nicolas Sorry but this question has nothing to deal with this indicator, it belongs to a specific su...
papero76 great idea

Top