Volume on price/volumeprofile q's

• 03/23/2018 at 10:18 PM #66219
  Seabiscuit

  Been using vol on price for a while, but getting annoyed that I can’t switch sides. Does anyone know if theres a way to get vop to the right side of the chart?

  

  Seabiscuit

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  12/17/2018 at 3:01 PM #87294
  Nicolas

  Sorry but no, that’s not possible. There is no setting to choose the side of the screen.

  

  Nicolas

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  12/17/2018 at 3:09 PM #87299
  Vonasi

  I tried to create something like the Volume on Price indicator but one that only looked at a certain number of candles (a look back period) rather than all that are on the chart. I didn’t manage to get it to work. Do you think that something like this is possible Nicolas?

  

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  12/17/2018 at 3:27 PM #87301
  Nicolas

  Yes with a loop starting from the current bar, a good example is this indicator: Bull & Bear Volume-by-Price levels

  a recent discussion to make it look at VPOC also: Bull & Bear Volume-by-Price levels modo VPOC

   

  

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  12/17/2018 at 4:30 PM #87304
  Vonasi

  Thanks Nicolas – that first link is exactly what I was trying to create. I did search as I seemed to remember seeing it in the library at some point but it didn’t come up in the search – or was too far down the page for me!

  

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  12/17/2018 at 5:27 PM #87310
  Vonasi

  I think it would be interesting to convert your bull/bear volume on price indicator so that it checks which is the highest volume price area at every bar for a look back period and then draws a line on the chart that represents this. The line would represent the recent history of maximum price on volume. I’m not sure if the results would be useful and I suspect it would take forever to draw but it might be interesting.

  

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  12/17/2018 at 5:43 PM #87311
  Vonasi

  In fact thinking about it it would need a pair of band lines for where maximum bull volume is and a pair of band lines for where maximum bear volume is and then one pair of bands for where combined maximum volume is. It might get a bit messy. I think it is raining tomorrow so I might give it a look anyway.

  

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  12/19/2018 at 11:19 PM #87497
  Vonasi

  I created the indicator I described above and it was slow to draw and very messy with six price bands on the chart. I adapted it slightly so that it just showed the mid point of each price range if that was where the maximum bull volume or bear volume was. Initial analysis seems to show that it tells us very little about support or resistance levels which kind of means that the standard volume on price indicator doesn’t either.

  Here is the code if anyone is interested:

  defparam calculateonlastbars=200 //NbrBars=12 //lookback=200 hh=highest[lookback](high) ll=lowest[lookback](low) div = (hh-ll)/NbrBars i=0 volsum=summation[lookback](volume) lastbulltotal = 0 lastbeartotal = 0 while i<NbrBars do lrange=ll+div*i hrange=lrange+div volbull=0 volbear=0 for j = 1 to lookback do if close[j]>=lrange and close[j]<=hrange then if close[j]>open[j] then volbull=volbull+volume[j] else volbear=volbear+volume[j] endif endif next bullbar = round((volbull*lookback)/volsum) bearbar = round((volbear*lookback)/volsum) if bullbar > lastbulltotal then lastbulltotal = bullbar lastbullhrange = hrange lastbulllrange = lrange midbull = ((lastbullhrange - lastbulllrange)/2 + lastbulllrange) endif if bearbar > lastbeartotal then lastbeartotal = bearbar lastbearhrange = hrange lastbearlrange = lrange midbear = ((lastbearhrange - lastbearlrange)/2 + lastbearlrange) endif i=i+1 wend return midbull coloured(0,128,0) style(line,2), midbear coloured(128,0,0) style(line,2)

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  defparam calculateonlastbars=200   //NbrBars=12 //lookback=200   hh=highest[lookback](high) ll=lowest[lookback](low) div = (hh-ll)/NbrBars i=0 volsum=summation[lookback](volume) lastbulltotal = 0 lastbeartotal = 0   while i<NbrBars do lrange=ll+div*i hrange=lrange+div volbull=0 volbear=0 for j = 1 to lookback do if close[j]>=lrange and close[j]<=hrange then if close[j]>open[j] then volbull=volbull+volume[j] else volbear=volbear+volume[j] endif endif next bullbar = round((volbull*lookback)/volsum) bearbar = round((volbear*lookback)/volsum)   if bullbar > lastbulltotal then lastbulltotal = bullbar lastbullhrange = hrange lastbulllrange = lrange midbull = ((lastbullhrange - lastbulllrange)/2 + lastbulllrange) endif   if bearbar > lastbeartotal then lastbeartotal = bearbar lastbearhrange = hrange lastbearlrange = lrange midbear = ((lastbearhrange - lastbearlrange)/2 + lastbearlrange) endif i=i+1 wend   return midbull coloured(0,128,0) style(line,2), midbear coloured(128,0,0) style(line,2)

  

   

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  Vonasi

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  08/19/2019 at 9:38 PM #105094
  thatguy

  Hello, does this work with version 10.3 ?

  

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  08/21/2019 at 10:32 AM #105180
  Vonasi

  thatguy wrote:

  Hello, does this work with version 10.3 ?

  Yes.

  

  Vonasi

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