is there way how to use version23 in market analyzer?
I allways see only current market value.. (bars set to 5000 on 15 minutes bars)
edit: I found that plot need to be set to relative Volume instead of cumulative ratio. now its ok
Also it would be nice if you add dividing of session to RTH and overnight in setting of indicator.
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Last edited by Lejcus; December 8th, 2014 at 05:12 PM.
If I introduce a session logic to the indicator, this would only have an impact on the cumulated volume. You can catch the overnight session volume, if you catch the cumulated volume for the last bar of the session. Alternatively, you can apply the indicator to a template that excludes all bars of the regular session. Currently, I do not intend to add any session features.
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Yes I wanted to catch cumulated volume for overnight, and reset it on regular open to see how many participant are there.
It can be easy done with session template but I want to use it in market analyzer.
Ok I try to update your code by myself.
The indicator uses the same architecture as the Relative Volume indicator, but the logic is applied to ranges:
Only to be used with minute or daily charts.
The relative ranges indicator measures the range of a fixed period bar against the average range over the same period during the preceding n days. The version which can be downloaded here allows for two different comparisons:
All_Days: Today's ranges are compared to the average ranges of the N preceding business days. The default value is N = 40. With the setting "All_Days" the indicator requires the use of proper session templates which match the trading day of the instrument traded. Session templates that cut the week into arbitrary sessions - such as the session template 24/7 - cannot be handled by the indicator and will trigger an error message.
Day_Of_Week: Today's ranges are compared to the average ranges calculated for the same day of the week over the N preceeding weeks. The default value is N = 8. With the setting "Day_Of_Week", all session templates can be handled.
Holidays: Holidays as selected via the indicator dialogue box are excluded from all calculations.
Daylight savings schedules: The indicator automatically adjusts to different daylight savings zones.
The histogram shows the relative ranges for the selected period of the day. For example on the chart today's highest relative range occured at 5:30 AM EST in the morning, just when the low of from Dec. 24 was taken out. Compared to the last 40 business days, the cumulated average of the relative ranges runs at 88%, whereas it runs at 87% when compared to a normal Monday. The low volatility is expected between Christmas and New Year's Eve.
Average range bars - between 80% and 120% of normal ranges - are shown as white bars. If the relative range exceeds 120% the histogram color is green, below 80% it is red. The colors can be selected by the user.
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