The Better Volume Indicator |
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Niftyg
Newbie Joined: 23 Mar 2011 Location: Gold Coast Posts: 11 |
Post Options Quote Reply Posted: 23 Mar 2011 at 1:29pm |
Hi Max,
Firstly I would just like to thank you for sharing your expertise and BullCharts coding. I have been a bullcharts user for a number of years now and look at this forum frequently to see if you have posted. I'm afraid coding has me mostly beat.
I have looked at this indicator you have kindly provided/re-coded and I think it may assist me in my trading.
Having looked at the web site noted in the indicator, I was wondering if you could please add in that the volume climax up bar (colour red) should only appear on a bar when the close is higher than the open and the volume climax down bar (colour gold) should only appear when the close is lower than the open. This would then I think better reflect the indicator described on the web site.
Many thanks
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Tanaka
Newbie Joined: 08 Jul 2010 Posts: 18 |
Post Options Quote Reply Posted: 22 Mar 2011 at 8:38pm |
Maximo! You are starting to make me feel guilty for not knowing how to code. You are to my rescue once again, and I’m very grateful. If you’re ever down Geelong way I owe you some beers! The indicator is wonderful as usual! Tanaka |
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maximo
BullCharts Guru Joined: 02 Sep 2006 Location: Australia Posts: 232 |
Post Options Quote Reply Posted: 22 Mar 2011 at 4:28pm |
That appears to be only part of the indicator for tick bars, coloured Cyan.
Here is the full Better Volume Indicator from their site, recoded in Bullscript.
Enjoy!
[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] { Low volume bars }If (Value1 = Lowest(Value1,20),V,undefined);[Color =Red] { Volume climax bars }If (Value2 = Highest(Value2,20),V,undefined);[Color =Lime Green] { High churn bars }If (Value3 = Highest(Value3,20),V,undefined);[Color =Magenta] { Climax & High churn bars }If (Value2 = Highest(Value2,20) and Value3 = Highest(Value3,20),V,undefined);[Color =Coral] { Low churn bars }If (Value3 = Lowest(Value3,20),V,undefined)
Edited by maximo - 22 Mar 2011 at 4:46pm |
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Tanaka
Newbie Joined: 08 Jul 2010 Posts: 18 |
Post Options Quote Reply Posted: 22 Mar 2011 at 1:11am |
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