The Elite Circle - MVTC_Vol_Ver1
futures io


Categories Help    

The Elite Circle
File sharing for Elite Members only, includes any and all platforms and file types


Entries
MVTC_Vol_Ver1 5 *
This volume indicator is based on Gail Mercer's article in the Sept. 2012 issue of TASC. It colors the volume bars based on whether the price bar is an up, down, outside, or inside price bar.

The logic is as follows:
- Up bar = current high > previous high and current low >= previous low (green vol bar)
- DownBar = current high <= previous high and current low < previous low (red vol bar)
- OutsideBar = current high > previous high and current low < previous low (gray vol bar)
InsideBar = current high <= previous high and current low >= previous low (transparent vol bar)

Any suggestions for improvement are welcomed.

Ron


Category The Elite Circle 
 
Suggest other entries I might like
Details: MVTC_Vol_Ver1
Category: The Elite Circle 


August 28th, 2012
Size: 3.51 KB
Downloaded: 498 times

Keywords: color volume
 


 
Category
 



Copyright © 2021 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada), info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.