Hi Coders,
This is an improved version of 2 indicators made by Nicolas and unified and modified by myself.
(https://www.prorealcode.com/topic/prc_quickfibtl/)
I needed further options to develop a simple strategy: identify strength and weakness in the distribution of volume per price :
- Max (strong level of volume per price => resistance or support depending on the position of the price)
- MinSup (week segment of price above the Max)
- MinInf (week segment of price under the Max=
The first idea behind is that if the price crosses over (respectively under) the strong volume level (“Max”), the price will tend to test a week point in the distribution of volume per price, respectively either superior (“MinSup”) or inferior (“MinInf”).
A second idea would be to use a section of StartHighest/EndLowest (respectively StartLowest/EndHighest) to set entry point if the price crosses over MinInf (respectively MinSup) and use Fibonacci to have a trailing stop.
I will open a new thread in ProOrder so that we can discuss this;
Please feel free to give to this code some enhancements or correct it if you see errors.
>>> Next steps :
- to automatise the sequences with new LowestLows and HighestHigh that we do here manually: any idea guys?
Enjoy
Chris
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defparam drawonlastbaronly=true // The main goal of this indicator is to identify strengh and weekness in the distribution of volume per price // The main idea of the strategy behind is that the price will tend to reach a week point in the distribution repsectively either superior ("MinSup") or // inférior ("MinInf") if the price crosses over or under the strong volume level ("Max"). //VolumeByPrice HighLowBreakdown (mods by Kris75) //PRC_Bull&Bear Volume on Price | indicator //05.07.2018 //Nicolas @ www.prorealcode.com //Sharing ProRealTime knowledge ///////////////////// StartHighest = 0 StartLowest = 0 EndHighest = 0 EndLowest= 0 CustomEnd= 0 BreakDown= 0 //Fibonacci= 1 Invert= 0 DefaultLookBack= 200 NbOfBars= 50 // for the CustomEnd NbOfDiv= 12 // division of the range in x divisions/segments ScaleFactor= 1 // multiplier of volume for graphic needs if StartHighest then // if choice to start at the highest of the default lookback period StartVol=highest[DefaultLookBack](high) for j=DefaultLookBack downto 0 do if high[j]=StartVol then StartBar = j break endif next if EndLowest then // if choice to end at the lowest since the highest StartBar = max(1,StartBar) EndVol=lowest[StartBar](low) for k=StartBar downto 0 do if low[k]=EndVol then EndBar = k break endif next EndBar = max(1,EndBar) volsum = summation [StartBar](volume)-summation [EndBar](volume) // (total volumme from StartBar to 0) - (volume of the Endbar to 0) hh=highest[StartBar](high) ll=lowest[StartBar](low) div = (hh-ll)/NbOfDiv elsif CustomEnd then // if choice to have a specific End if NbOfBars < StartBar then StartBar = max(1,StartBar) EndBar = StartBar - NbOfBars EndBar = max(1,EndBar) volsum = summation [StartBar](volume)-summation [EndBar](volume) LowestLowSection = low[StartBar] for lls = StartBar downto Endbar if low[lls]<LowestLowSection then LowestLowSection = low[lls] endif next hh=highest[StartBar](high) ll=LowestLowSection div = (hh-ll)/NbOfDiv else EndBar = 0 // StartBar = max(1,StartBar) volsum = summation [StartBar](volume) hh=highest[StartBar](high) ll=lowest[StartBar](low) div = (hh-ll)/NbOfDiv endif else EndBar = 0 // StartBar = max(1,StartBar) volsum = summation [StartBar](volume) hh=highest[StartBar](high) ll=lowest[StartBar](low) div = (hh-ll)/NbOfDiv endif elsif StartLowest then // if choice to start at the lowest of the default lookback period StartVol=lowest[DefaultLookBack](low) for m=DefaultLookBack downto 0 do if low[m]=StartVol then StartBar = m drawtext("#StartBar#",barindex[m],high[m]) break endif next if EndHighest then StartBar = max(1,StartBar) EndVol=highest[StartBar](high) for n=StartBar downto 0 do if high[n]=EndVol then EndBar = n break endif next EndBar = max(1,EndBar) volsum = summation [StartBar](volume)-summation [EndBar](volume) hh=highest[StartBar](high) ll=lowest[StartBar](low) div = (hh-ll)/NbOfDiv elsif CustomEnd then if NbOfBars < StartBar then StartBar = max(1,StartBar) EndBar = StartBar - NbOfBars EndBar = max(1,EndBar) volsum = summation [StartBar](volume)-summation [EndBar](volume) HighestHighSection = high[StartBar] for hhs = StartBar downto Endbar do if high[hhs]>HighestHighSection then HighestHighSection = high[hhs] endif next hh=HighestHighSection ll=lowest[StartBar](low) div = (hh-ll)/NbOfDiv else EndBar = 0 // StartBar = max(1,StartBar) volsum = summation [StartBar](volume) hh=highest[StartBar](high) ll=lowest[StartBar](low) div = (hh-ll)/NbOfDiv endif else EndBar = 0 // StartBar = max(1,StartBar) volsum = summation [StartBar](volume) hh=highest[StartBar](high) ll=lowest[StartBar](low) div = (hh-ll)/NbOfDiv endif elsif CustomEnd then if NbOfBars < DefaultLookBack then StartBar = max(1,DefaultLookBack) EndBar = StartBar - NbOfBars EndBar = max(1,EndBar) volsum = summation [StartBar](volume)-summation [EndBar](volume) HighestHighSection = high[StartBar] for hhs = StartBar downto Endbar do if high[hhs]>HighestHighSection then HighestHighSection = high[hhs] endif next LowestLowSection = low[StartBar] for lls = StartBar downto Endbar if low[lls]<LowestLowSection then LowestLowSection = low[lls] endif next hh=HighestHighSection ll=LowestLowSection div = (hh-ll)/NbOfDiv else EndBar = 0 // StartBar = max(1,StartBar) volsum = summation [StartBar](volume) hh=highest[StartBar](high) ll=lowest[StartBar](low) div = (hh-ll)/NbOfDiv endif else StartBar = DefaultLookBack EndBar = 0 // if no choice of the highest / lowest => EndBar is 0 volsum = summation [DefaultLookBack](volume) hh=highest[StartBar](high) ll=lowest[StartBar](low) div = (hh-ll)/NbOfDiv endif drawvline(barindex[StartBar]) drawvline(barindex[Endbar]) StartBar = max(1,StartBar) Endbar = max(1,Endbar) i=0 StartbarIndex = barindex[StartBar] EndbarIndex = barindex[EndBar] //// creation of the variables identifying MinInf, MinSup and Max lrangeminInf = 0 hrangeminInf = 0 lrangeminSup = 0 hrangeminSup = 0 lrangemax = 0 hrangemax = 0 MaxVol = 0 NumBarVol = 0 NumBarMaxVol = 0 NumBarMinVolSup = 0 NumBarMinVolInf = 0 while i<NbOfDiv do lrange=ll+div*i hrange=lrange+div volbull=0 volbear=0 NumBarVol = i+1 for q = Endbar to StartBar do if close[q]>=lrange and close[q]<=hrange then if close[q]>open[q] then volbull=volbull+volume[q] else volbear=volbear+volume[q] endif endif next bullbar = round((volbull*StartBar)/volsum)*scalefactor bearbar = round((volbear*StartBar)/volsum)*scalefactor volbar = round(((volbear+volbull)*StartBar)/volsum)*scalefactor if i=0 then lrangemax = lrange hrangemax = hrange MaxVol = volbar NumBarMaxVol = NumBarVoL lrangeminSup = lrange hrangeminSup = hrange MinVolSup = VolBar NumBarMinVolSup = NumBarVol lrangeminInf = lrange hrangeminInf = hrange MinVolInf = VolBar NumBarMinVolInf = NumBarVol endif if volbar > MaxVol then lrangemax = lrange hrangemax = hrange MaxVol = volbar NumBarMaxVol = NumBarVol if MinVolSup < MinVolInf then lrangeminInf = lrangeminSup hrangeminInf = hrangeminSup MinVolInf = MinVolSup NumBarMinVolInf = NumBarMinVolSup endif lrangeminSup = lrange hrangeminSup = hrange MinVolSup = VolBar NumBarMinVolSup = NumBarVol elsif volbar < MaxVol then if volbar < MinVolSup then lrangeminSup = lrange hrangeminSup = hrange MinVolSup = VolBar NumBarMinVolSup = NumBarVol endif else lrangeminInf = lrangeminInf hrangeminInf = hrangeminInf MinVolInf = MinVolInf NumBarMinVolInf = NumBarMinVolInf endif if breakdown then drawrectangle(StartbarIndex,lrange,StartbarIndex+bullbar,hrange) coloured(46,139,87,255) drawrectangle(StartbarIndex,lrange,StartbarIndex+bearbar,hrange) coloured(255,0,0,255) if bullbar>bearbar then drawtext("■",StartbarIndex+bullbar,(lrange+hrange)/2,Dialog,Bold,22) coloured(46,139,87) else drawtext("■",StartbarIndex+bearbar,(lrange+hrange)/2,Dialog,Bold,22) coloured(255,0,0) endif drawvline(barindex[DefaultLookBack]) elsif not breakdown then drawrectangle(StartbarIndex,lrange,StartbarIndex+volbar,hrange) coloured(46,139,87,255) endif i=i+1 wend MaxVolumLevel = (lrangemax + hrangemax)/2 MinVolumSupLevel = (lrangeminSup + hrangeminSup)/2 MinVolumInfLevel = (lrangeminInf + hrangeminInf)/2 DRAWARROW (StartbarIndex, MaxVolumLevel) COLOURED (0, 255, 0) DRAWARROW (StartbarIndex, MinVolumSupLevel) COLOURED (255, 0, 0) DRAWARROW (StartbarIndex, MinVolumInfLevel) COLOURED (255, 0, 0) drawtext("#NumBarMaxVol#",StartbarIndex-3,MaxVolumLevel,Dialog,Bold,22) coloured(255,0,0) drawtext("#NumBarMinVolSup#",StartbarIndex-3,MinVolumSupLevel,Dialog,Bold,22) coloured(255,0,0) drawtext("#NumBarMinVolInf#",StartbarIndex-3,MinVolumInfLevel,Dialog,Bold,22) coloured(255,0,0) drawtext("MinInf #MinVolInf#",StartbarIndex+10,MinVolumInfLevel,Dialog,Bold,22) coloured(255,0,0) drawtext("MinSup #MinVolSup#",StartbarIndex+10,MinVolumSupLevel,Dialog,Bold,22) coloured(255,0,0) drawtext("Max #MaxVol#",StartbarIndex+10,MaxVolumLevel,Dialog,Bold,22) coloured(255,0,0) // Fibo StartFibo = max(1,StartbarIndex) EndFibo = max(1,EndbarIndex) isSwingDown = StartFibo < EndFibo if isSwingDown then fullrange = abs(hh-ll) fibo100 = hh fibo0 = ll fibo236 = ll+(fullrange*0.236) fibo382 = ll+(fullrange*0.382) fibo50 = ll+fullrange/2 fibo618 = ll+(fullrange*0.618) fibo764 = ll+(fullrange*0.764) r = 200 g = 0 b = 0 DrawText("HI #hh#",StartFibo,hh+fullrange*0.03,dialog,standard,10) coloured(r,g,b) // plot price at 0% and 100% levels DrawText("LO #ll#",EndFibo,ll-fullrange*0.03,dialog,standard,10) coloured(r,g,b) else fullrange = abs(hh-ll) fibo100 = ll fibo0 = hh fibo236 = hh-(fullrange*0.236) fibo382 = hh-(fullrange*0.382) fibo50 = hh-fullrange/2 fibo618 = hh-(fullrange*0.618) fibo764 = hh-(fullrange*0.764) r = 0 g = 200 b = 0 DrawText("HI #hh#",StartFibo,hh+fullrange*0.03,dialog,standard,10) coloured(r,g,b) // plot price at 0% and 100% levels DrawText("LO #ll#",EndFibo,ll-fullrange*0.03,dialog,standard,10) coloured(r,g,b) endif if invert = 0 then // plot fibonacci levels DrawSegment(barindex[StartBar],fibo0,barindex[EndBar],fibo0) coloured(r,g,b) DrawText("0%",barindex[EndBar]-3,fibo0*1.01,Dialog,Standard,11) coloured(r,g,b) DrawSegment(barindex[StartBar],fibo236,barindex[EndBar],fibo236) coloured(r,g,b) DrawText("23.6%",barindex[EndBar]-3,fibo236*1.01,Dialog,Standard,11) coloured(r,g,b) DrawSegment(barindex[StartBar],fibo382,barindex[EndBar],fibo382) coloured(r,g,b) DrawText("38.2%",barindex[EndBar]-3,fibo382*1.01,Dialog,Standard,11) coloured(r,g,b) DrawSegment(barindex[StartBar],fibo50,barindex[EndBar],fibo50) coloured(r,g,b) DrawText("50.0%",barindex[EndBar]-3,fibo50*1.01,Dialog,Standard,11) coloured(r,g,b) DrawSegment(barindex[StartBar],fibo618,barindex[EndBar],fibo618) coloured(r,g,b) DrawText("61.8%",barindex[EndBar]-3,fibo618*1.01,Dialog,Standard,11) coloured(r,g,b) DrawSegment(barindex[StartBar],fibo764,barindex[EndBar],fibo764) coloured(r,g,b) DrawText("76.4%",barindex[EndBar]-3,fibo764*1.01,Dialog,Standard,11) coloured(r,g,b) DrawSegment(barindex[StartBar],fibo100,barindex[EndBar],fibo100) coloured(r,g,b) DrawText("100%",barindex[EndBar]-3,fibo100*1.01,Dialog,Standard,11) coloured(r,g,b) elsif invert = 1 then // plot invert fibonacci levels DrawSegment(barindex[StartBar],fibo0,barindex[EndBar],fibo0) coloured(r,g,b) DrawText("100%",barindex[EndBar],fibo0,Dialog,Standard,11) coloured(r,g,b) DrawSegment(barindex[StartBar],fibo236,barindex[EndBar],fibo236) coloured(r,g,b) DrawText("76.4%",barindex[EndBar],fibo236,Dialog,Standard,11) coloured(r,g,b) DrawSegment(barindex[StartBar],fibo382,barindex[EndBar],fibo382) coloured(r,g,b) DrawText("61.8%",barindex[EndBar],fibo382,Dialog,Standard,11) coloured(r,g,b) DrawSegment(barindex[StartBar],fibo50,barindex[EndBar],fibo50) coloured(r,g,b) DrawText("50.0%",barindex[EndBar],fibo50,Dialog,Standard,11) coloured(r,g,b) DrawSegment(barindex[StartBar],fibo618,barindex[EndBar],fibo618) coloured(r,g,b) DrawText("38.2%",barindex[EndBar],fibo618,Dialog,Standard,11) coloured(r,g,b) DrawSegment(barindex[StartBar],fibo764,barindex[EndBar],fibo764) coloured(r,g,b) DrawText("23.6%",barindex[EndBar],fibo764,Dialog,Standard,11) coloured(r,g,b) DrawSegment(barindex[StartBar],fibo100,barindex[EndBar],fibo100) coloured(r,g,b) DrawText("0%",barindex[EndBar],fibo100,Dialog,Standard,11) coloured(r,g,b) endif return |
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Why does it plot on the bottom and does not show any data?
you should add the indicator on the price
Hi, can I add this indicator to the Chart with PRT 10.3 or just for ver. 11 beta ? Thanks
Upss I got it, 10.3 only with premium ,I can’t add it to the chart with Complete ver.
Add indicator on price doesnt require any specific type of subcription. Click on the wrench at the left upper side of the price chart, to add an indicator on the price.
bonjour j’ai une petite question comment peux on enlevé la bar blanche sur la bougie en cours
merci
Hi Kris, is there a way to increase the number of rows? I get a loop error