Volume up bars, down bars

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03/06/2025 at 6:25 AM #244701 quote

Ludde
Participant

New

I need help with an indicator that meets the following conditions:

The indicator should display the sum of the volume for all up bars over the past 15 bars.
It should also display the sum of the volume for all down bars over the past 15 bars.
The results should be shown in a line chart.

Thankful for help

03/06/2025 at 7:50 AM #244702 quote
JS
Participant

Senior
Hereby the indicator:
```
Period = 15

UpVolume = 0
DownVolume = 0

For i = 0 to Period-1 do
If Close[i] > Open[i] then
UpVolume = UpVolume + Volume[i]
ElsIf Close[i] < Open[i] then
DownVolume = DownVolume + Volume[i]
EndIf
Next

RETURN UpVolume as "UpVolume" Coloured("Green"), DownVolume as "DownVolume" Coloured("Red")
```
Ludde, robertogozzi and Iván González thanked this post
03/07/2025 at 3:27 PM #244750 quote

MaoRai54
Participant

Master

Hello, it seems interesting but I cannot understand its purpose. Someone can tell me which is its practical use? Thanks in advance

03/07/2025 at 3:41 PM #244752 quote

JS
Participant

Senior

For example, you can use this indicator as an extra confirmation when you want to open a position:

If myLongConditions and UpVolume>DownVolume then

…

If myLongConditions and UpVolume>AvgVolume then

…

If myShortConditions and DownVolume>10000 then

…

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Volume up bars, down bars

ProBuilder: Indicators & Custom Tools

New Reply

Author

Ludde @ludde Participant

Summary

This topic contains 3 replies,
has 3 voices, and was last updated by JS
11 months ago.

Topic Details

Forum:	ProBuilder: Indicators & Custom Tools
Language:	English
Started:	03/06/2025
Status:	Active
Attachments:	1 files

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