Default Volume Indicator

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    Posts
  • 10/31/2017 at 7:19 AM #51011 quote
    Fei_
    Participant
    Junior

    Hi All,

    In the default volume indicator, there are green volume histogram and red volume histogram to indicate up volume/ down volume.

    while the native function volume(n) only allow provide the abstract volume(regardless of green volume or red volume)

    How can i specifically use green volume/red volume instead ?

    i tried to create 2 separate volume below base on the function but it seems incorrect.

    Can provide some guidance ? Thanks

    if Close > Close[1] then
    Gvolume=volume
    RVolume=0
    elsif Close 0 then
    Rvolume=volume
    GVolume=0elsif Close=Close[1] and Gvol[1]>0 then
    Rvol=volume
    GVol=0
    elsif Close=Close[1] and Rvol[1]>0 then
    Gvolume=volume
    RVolume=0
    endif

    10/31/2017 at 9:34 AM #51032 quote
    Nicolas
    Keymaster
    Master

    Volume histogram colors are based only on color of the candlesticks (bullish or bearish ones). So if Close>Open then Volume is green and if Close<Open, Volume histogram is red.

    10/31/2017 at 9:52 AM #51035 quote
    Fei_
    Participant
    Junior

    Hi Nicolas,

    i think that may not be correct, i use the Dow 1 min chart and the built-in function Volume indicator, the Green Volume(Open<Close) or Red Volume(Close>Open) doesn’t always match.

    Please see the below screenshot (31 Oct 16:41 and multiple others)

    It should be Close> Close[1] for green and vice versa.

    However my question will be when Close=Close[1], then i cant figure out accurately when it will appear as Green or red.

    Thanks

    10/31/2017 at 11:11 AM #51043 quote
    Nicolas
    Keymaster
    Master

    OMG you are right, I made confusion with a code I’m actually working on for a customer .. sorry for that 🙁

    With this little indicator applied on your price chart, you’ll see arrows when Close=Close[1], so you could make your own analysis about the Volume color when it happened.

    if Close=Close[1] then 
drawarrow(barindex,close)
endif

return
    10/31/2017 at 12:06 PM #51054 quote
    Fei_
    Participant
    Junior

    Thanks! it helps!

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Default Volume Indicator


ProBuilder: Indicators & Custom Tools

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Author
author-avatar
Fei_ @chowfei Participant
Summary

This topic contains 4 replies,
has 2 voices, and was last updated by Fei_
8 years, 3 months ago.

Topic Details
Forum: ProBuilder: Indicators & Custom Tools
Language: English
Started: 10/31/2017
Status: Active
Attachments: 1 files
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