Cumulated volume velocity

• 12/08/2018 at 11:43 PM #86590
  Scubatron5000

  Hey Folks

  This is probably a real noob question but I have been using the Cumulated volume velocity indicator from the library here for some time and find it excellent. I have been trying though to adapt it so instead of just drawing a line it draws candles based on the calculation of the indicator. I have tried a hundred different ways to do it and had to admit defeat on how to make this work. Is there anybody that can do this or show me what line of code I need to use. Thank you so much, you guys really do such a good job with everything here.

   

  This is the link to the original indicator

   

  https://www.prorealcode.com/prorealtime-indicators/cumulated-volume-velocity/

   

  Thanks for any help

   

  Steve

  

  Scubatron5000

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  12/09/2018 at 9:32 AM #86595
  Vonasi

  What values do you want to use to use to create your candles as the indicator only returns two values, CumVolVel and avg? A candle has four values, open, high, low and close. We could draw a candle with no shadows using just the CumVolVel and avg and change the colour dependent on whether CumVolVel is higher or lower than the average like this:

  p = 10 if(barindex>10) then sRange = (high-low) if(high<high[1] AND low<low[1]) then CumVolVel = CumVolVel[1]-sRange*Volume elsif(high>high[1] AND low>low[1]) then CumVolVel = CumVolVel[1]+sRange*Volume else CumVolVel = CumVolVel[1] endif endif avg = exponentialaverage[p](CumVolVel) r = 128 g = 0 if CumVolVel > avg then r = 0 g = 128 endif DrawCandle(CumVolVel,avg,CumVolVel,avg) COLOURED(R,G,0) BORDERCOLOR(0,0,0) RETURN

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  p = 10   if(barindex>10) then sRange = (high-low) if(high<high[1] AND low<low[1]) then CumVolVel = CumVolVel[1]-sRange*Volume elsif(high>high[1] AND low>low[1]) then CumVolVel = CumVolVel[1]+sRange*Volume else CumVolVel = CumVolVel[1] endif endif avg = exponentialaverage[p](CumVolVel)   r = 128 g = 0   if CumVolVel > avg then r = 0 g = 128 endif   DrawCandle(CumVolVel,avg,CumVolVel,avg) COLOURED(R,G,0) BORDERCOLOR(0,0,0) RETURN

  

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  Scubatron5000

  

  Vonasi

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  12/12/2018 at 6:02 PM #86962
  Scubatron5000

  Thank you so much for your reply

  Sorry it has taken me so a couple of days to respond to you, I somehow missed your reply. You have answered my question perfectly and that explains why I could not do it! I was trying to create a open, high, low close candle so that explains why I could not get it to work as I never considered this fact.

  Once again thanks for the reply the community here is excellent and so helpful

   

  Steve

  

  Scubatron5000

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  12/12/2018 at 6:25 PM #86967
  Scubatron5000

  I had seen the example of the RSI made with the draw candle function of the signal line with high low open close candles and had thought maybe it was possible signal line on this indicator.

  

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