A Better Volume Indicator

Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • #152075 quote
    october
    Participant
    Junior

    Hi Guys

     

    The current volume or tick volume indicators becomes green or red depending on the candle (the price closing lower or higher than opening) but everything that happened within that candle (or timeframe e.g. H1) is lost. Is there and indicator or can you please create an indicator that adds all the positive moves and the negative moves (in a lower time frame e.g. M1 or S1) and then display both values on the higher time frame?  I believe this would indicate how predominant or close the buys or sells were during that candle.  There is maybe two options for counting the moves:

    1. Just counting / adding how many individual up and down movements happened

    2. Adding every up move’s value together and adding every down move’s value together.

     

    Thank you

    #152248 quote
    october
    Participant
    Junior

    Clarification: I would like to use the indicator in a H1 default time frame.

Viewing 2 posts - 1 through 2 (of 2 total)
  • You must be logged in to reply to this topic.

A Better Volume Indicator


ProBuilder: Indicators & Custom Tools

New Reply
Author
author-avatar
october @october Participant
Summary

This topic contains 1 reply,
has 1 voice, and was last updated by october
5 years, 2 months ago.

Topic Details
Forum: ProBuilder: Indicators & Custom Tools
Language: English
Started: 11/29/2020
Status: Active
Attachments: No files
Logo Logo
Loading...