Volume Separator (help needed)

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03/06/2020 at 6:09 PM #121395 quote

mattmckoen
Participant

New

I would really like some help getting an indicator i’d like to use working in probuilder.

I watched a youtube video where SMB capital have a volume indicator that seperates the buying and selling volume in the volume sticks.
For instance; if 100 shares are traded in a 5 minute period, and 25 of them are on sell side (red), 65 on buy side (green) and 10 are flat (black), the volume will go to 100 on y axis, and the volume stick will comprise the the afforementioned figures as seperate colours rather than one block colour of green or red or black.

SMB gave me the code which they use on their platform (I think they use TOS) but this code doesn’t run in Probuilder (It won’t let me add indicator to chart).
As i’m sure is obvious i have no coding experience in the Probuilder and I doubt I’d use it for anything but this indicator so I’m stuck and would really appreciate some help.

Screenshot-2020-03-06-17.08.49.jpg

03/09/2020 at 10:54 AM #121534 quote

Nicolas
Keymaster

Master

Would you mind posting screenshots of the indicator applied to a chart, in order to make it looks the same? Thank you.

03/09/2020 at 11:13 AM #121538 quote

mattmckoen
Participant

New

Yes of course, thanks for looking into it!

Screenshot-2020-03-06-18.29.40.jpg Screenshot-2020-03-09-10.11.16.jpg

03/09/2020 at 12:08 PM #121553 quote
robert123
Participant

Master
```
//o=open
hi=high
l=low
c=close
v=volume

buying=v*(c-l)/(hi-l)
selling=v*(hi-c)/(hi-l)

sv=selling
bv=buying

return bv ,sv , summation[14](bv-sv)
```
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03/09/2020 at 12:20 PM #121555 quote

mattmckoen
Participant

New

@robert123,

Thanks for your post but unfortunately this isn’t the indicator I’ve seen.

Screenshot-2020-03-09-11.13.49.png

03/09/2020 at 12:45 PM #121557 quote

robert123
Participant

Master

looks pretty close to above- you will need to turn the lines into ‘histogram’ and then remove the summation if it not needed.

R

03/09/2020 at 3:23 PM #121573 quote
Nicolas
Keymaster

Master
Thank you Robert.

This version is with histograms:
```
//o=open
hi=high
l=low
c=close
v=volume

buying=v*(c-l)/(hi-l)
selling=v*(hi-c)/(hi-l)

sv=selling
bv=buying

return bv coloured(0,255,0) style(histogram) ,sv coloured(255,0,0) style(histogram)
```
03/09/2020 at 3:35 PM #121575 quote

robert123
Participant

Master

Thanks, Nicolas

03/09/2020 at 3:49 PM #121577 quote

GraHal
Participant

Master

Nicholas code added as Log 199 here …

Snippet Link Library

Nicolas thanked this post

03/09/2020 at 4:34 PM #121585 quote

mattmckoen
Participant

New

Just inputted the code and love the result!!! Thank you guys so much for your help! V happy with it

Matt

Screenshot-2020-03-09-15.32.56.png

03/09/2020 at 5:53 PM #121595 quote

GraHal
Participant

Master

Wow … yeah!!!

I used to use same Indicator on another website … good to have it back again.

Thank You Each

Gh.jpg

03/09/2020 at 6:48 PM #121604 quote

mattmckoen
Participant

New

So just realised the indicator works perfectly for green candles; but for some reason it doesn’t separate the green from the red when a red candle forms! Any idea how i can fix this?

03/10/2020 at 8:52 AM #121633 quote

Nicolas
Keymaster

Master

There is no difference between green and red candles, the formula is the same, therefore it should work the same in any case..

03/10/2020 at 9:33 AM #121639 quote

robert123
Participant

Master

It might be worth looking at the summation(s)-I think the difference between longer and shorter calculations, could shed some light. In any event, the summation [14] used with a moving average is useful.

03/10/2020 at 9:41 AM #121642 quote

Nicolas
Keymaster

Master

You are right robert123! Cumulative volumes on each side is a great indicator of the market strength, even if the formula used here is not so accurate as extracting the real bid:ask volumes.
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