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volume indicator
Last Activity 6/22/2018 4:46 AM
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Jarrod

Member

Posts: 15

Joined: 7/27/2010

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Subject : volume indicator
Posted : 4/3/2014 5:56 PM
Post #22831

Is there a volume indicator available that shows a arrow above volume when say volume is greater than the last number of bars. For instance todays volume is greater than the volume of the last ten days. Is there a way to plot this that just shows a arrow on the volume bar when it is. Maybe a system instead of an indicator.
Thanks,
jarrod
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Jim Dean

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2000100010025
Posts: 3142

Joined: 3/13/2006
Location: L'ville, GA

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Subject : RE: volume indicator
Posted : 4/3/2014 6:04 PM
Post #22832 - In reply to #22831

#indicator
#param "Lkbk", 50, 10, 100
dim Hit as integer
if V > HHV(V,Lkbk)[1] then
Hit = 1
plothist("Vol",V,0,blue,3)
else
Hit = 0
if C>C[1] then
plothist("Vol",V,0,green,3)
else
plothist("Vol",V,0,red,3)
end if
end if
return Hit

... this indicator plots red and green volume bars based on whether price went up or down since the last bar
... if the volume is greater than the volume of the lookback period, the bar gets painted blue

there are a zillion other ways to do stuff like this but hopefully this will get you started
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Jarrod

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Posts: 15

Joined: 7/27/2010

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Subject : RE: volume indicator
Posted : 4/3/2014 6:56 PM
Post #22833 - In reply to #22831

Thanks again Jim that's just what I wanted!
Jarrod
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