A Better Volume Indicator

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  • #152075

    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

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

Viewing 2 posts - 1 through 2 (of 2 total)

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