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The Better Volume Indicator

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Niftyg View Drop Down
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Joined: 23 Mar 2011
Location: Gold Coast
Posts: 10
Post Options Post Options   Quote Niftyg Quote  Post ReplyReply Direct Link To This Post Posted: 24 Mar 2011 at 1:34pm
Hi Max and Tanaka,
 
Just a further update.
 
Change the coding of the orange bar to:

If(Value1 = Lowest(Value1,20),V,undefined);

if you want to see the lowest volume bar in the last 20 bars as per the web site.
 
Regards
 
Nifty
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maximo View Drop Down
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Post Options Post Options   Quote maximo Quote  Post ReplyReply Direct Link To This Post Posted: 24 Mar 2011 at 3:17pm
Yes that looks more consistent Nifty!
 
{ Updated code}
 
[description="Better Volume Indicator - http://emini-watch.com/free-stuff/volume-indicator/"]
Range := High - Low;
Value1 := Volume;
Value2 := Volume*Range;
Value3 := If(Range<>0,Volume/Range,0);
ma(Value1,100,S);
[linestyle=Grounded Bar; width=4]
[Color=Cyan] { Normal bars }
Volume;
[Color=Gold] { High volume bars }
GoldBar:=If(Value1 = Highest(Value1,20) and Close < Open,V,undefined);
GoldBar;
[Color=Red] { Volume climax bars }
RedBar:=If(Value2 = Highest(Value2,20) and Close > Open,V,undefined);
RedBar;
[Color=Lime Green] { High churn bars }
GreenBar:=If(Value3 = Highest(Value3,20),V,undefined);
GreenBar;
[Color=Magenta] { Climax & High churn bars }
MagentaBar:=If(Value2 = Highest(Value2,20) and Value3 = Highest(Value3,20),V,undefined);
MagentaBar;
[Color=Coral] { Low churn bars }
OrangeBar:=If(Value1 = Lowest(Value1,20),V,undefined);
OrangeBar;
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cudderbean View Drop Down
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Joined: 02 Oct 2006
Location: Thailand
Posts: 38
Post Options Post Options   Quote cudderbean Quote  Post ReplyReply Direct Link To This Post Posted: 24 Mar 2011 at 4:30pm
Hear hear, Tanaka!
 
Thank you Maximo and Niftyg for your very generous sharing of ideas... your coding really helps newbies like me  to learn.
 
Have you considered an e-manual to supplement the Bullscript and Bullscan help files. I'd certainly buy it.
 
i think BC already beats Metastock hands down.. mainly because of the ease of importing and exporting lists to Excel and into WebIress for instance.
 
Such a manual might boost user numbers.. the more the merrier.
 
Thanks once more.
 
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holygrail View Drop Down
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Post Options Post Options   Quote holygrail Quote  Post ReplyReply Direct Link To This Post Posted: 06 Jul 2018 at 9:15am
Hello, hoping Maximo or Niftyg (or anyone still following this thread) are able to help here.
I believe the Better Volume Indicator has been updated since Maximos last post of 2011. Is it possible for one of the coding gurus to visit http://emini-watch.com/free-stuff/volume-indicator/ and see if they can reproduce the new version for BullCharts?
I tried but failed miserably :(
Thank you in advance.

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