Climatic Volume X
The Climatic Volume X indicator detects when a candlestick has a relative volume higher than the “HighVolume” settings.
The relative Volume is equal to the current candlestick volume divided by the average of volumes calculated with the last “length” bars.
It is an indicator where high volume climatic candles are marked with resistance lines and support that could be used as breakout thresholds.
Converted from TradingView code following a request in the indicator’s forum.
The below code is for PRT v11 only. You can download the compatible v10.3 itf file at the bottom of this page.
//PRC_Climatic Volume X | indicator
//31.08.2020
//Nicolas @ www.prorealcode.com
//Sharing ProRealTime knowledge
//converted from tradingview
//https://www.prorealcode.com/topic/conversion-indicador-cvx-de-tradingview/
//PRT V11 only
// --- settings
Length = 10 //average length for Volume
HighVolume = 2 //minval=0.01 High Volume
showrelativevolume= 1 //Show Relative Volume (1=true)
showlines = 1 //Show Lines (1=true)
Extendlines= 10 //Extend Lines
// --- end of settings
AverageVolume = average[Length](volume)
RelativeVolume = volume / AverageVolume
dt = time - time[1]
if RelativeVolume > HighVolume and showrelativevolume then
drawtext("#RelativeVolume#",barindex,high,sansserif,standard,16)
endif
if RelativeVolume > HighVolume and showlines then
drawsegment(barindex,low,barindex+ExtendLines,low) style(dottedline)
drawsegment(barindex,high,barindex+ExtendLines,high) style(dottedline)
endif
return
Comments
You must be logged in to post a comment.
Hola Nicolas, perdona la molestia, pero podrias codificar el screener para rupturas de soporte o resistecia de vela climatica? mil gracias!
It dose not work?????????????????????????????????????????????????????? Syntax error. Howe do I fix it? Your fix dosnt work.
Hola Nicolas, gracias por crear este indicador, sería posible crear un screener de este indicador donde se detecte la ruptura de la vela climática? Gracias