Default Volume Indicator

Fei_ · 2017-10-31T06:19:58+00:00

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

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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

Legend

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

Dow_1min.jpg

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

Legend
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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