Two indicator are combined to normalize volume in shares due to the increase in pre-opening of the market, “auction” as the image shows.

• Dcontratos: Shows contracts
• Contracts: filter for contracts, change color if the Volume is higher than indicated.
• DivSubasta: divide the volume auction “Subasta”.

A filter is added to see where the most negotiated volumes are according to contracts.

Example Contracts

In Actions We Show Auction
– BBVA: 200,000 Contracts

In futures hide Auction
– FDAX: 1500 Contracts
– SP500: 30000 Contracts

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REM TAC VOLUME FILTRO V1
REM TAC VOLUME FILTRO V1 | indicator
REM 03.07.2018
REM TAC @ www.tiburonesdealetacorta.com
REM Sharing www.tiburonesdealetacorta.com
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vol=volume/divsubasta
If subasta=1 then
 b=close > low and volume > high
 ce=close < high and volume > low
 if b or ce then
  vols=volume
 else
  vols=0
 endif
endif
if subasta=0 then
 vols=volume
endif

If Dcontratos=1 then
 if vols > Contratos or vol > Contratos then
  Maximo = vols
  Maximov = vol
 ELSE
  Maximo= 0
  Maximov= 0
 ENDIF
endif
Maximoup= maximo + maximov

if dcontratos=0 then
 vols=vols
endif

return vols coloured (0,102,204) style(histogram) as "subasta",vol coloured (0,102,204) style(histogram) as "Volume",Maximoup COLOURED (128,128,0) AS "Volumen X Contratos"