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Volume Indicator


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Volume Indicator

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  #1 (permalink)
 58LesPaul 
Hawesville, KY
 
Experience: Beginner
Platform: thinkorswim
Trading: NQ
 
Posts: 169 since Sep 2015
Thanks: 176 given, 93 received

Is there any platform that has the volume that will change from red to green or black, while building, to show that the current bars volume is less, more or the same as the previous volume bar or average of previous bars? For instance, current bars volume is less than the previous bars volume so it is red. But at the 1:32 mark volume comes in and surpasses the volume of the previous bar at the same 1:32 mark, turning it green. The volume then dies off at 1:49 to almost no trades and the previous bar volume once again surpasses the current bars volume at the same 1:49 mark so the current bar turns back to red.

Thanks

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  #2 (permalink)
RichSteps
Miami, FL
 
 
Posts: 5 since Jun 2022
Thanks: 0 given, 1 received

Do you want the bar colors to be generated by the stats of the previous bar?

Something like this?
 
Code
Bar #1 12:00 VOLUME 100 BLACK
Bar #2 12:01 VOLUME 50 RED
Bar #3 12:02 VOLUME 55 GREEN
Bar #4 12:03 VOLUME 56 GREEN
Bar #5 12:04 VOLUME 55 RED
Bar #6 12:05 VOLUME 55 BLACK
What trading platform are you using now?

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  #3 (permalink)
 58LesPaul 
Hawesville, KY
 
Experience: Beginner
Platform: thinkorswim
Trading: NQ
 
Posts: 169 since Sep 2015
Thanks: 176 given, 93 received



RichSteps View Post
Do you want the bar colors to be generated by the stats of the previous bar?

Something like this?
 
Code
Bar #1 12:00 VOLUME 100 BLACK
Bar #2 12:01 VOLUME 50 RED
Bar #3 12:02 VOLUME 55 GREEN
Bar #4 12:03 VOLUME 56 GREEN
Bar #5 12:04 VOLUME 55 RED
Bar #6 12:05 VOLUME 55 BLACK
What trading platform are you using now?

Yes but the bar color could change back and forth while it is accumulating volume.


.............. 12:00 12:01 12:02 12:03
Bar #1 ......100 110 125 135
Current bar 98 112 125 134

Sierra Chart, they said it can be done but its over my head.

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  #4 (permalink)
 58LesPaul 
Hawesville, KY
 
Experience: Beginner
Platform: thinkorswim
Trading: NQ
 
Posts: 169 since Sep 2015
Thanks: 176 given, 93 received

What I think would be just as nice if not better is a percentage in the volume region somewhere that compares current bar with last bar or average of x bars back at the same point in time. If it is less then the number would be in red and if more it would be green.

Does no one else see any benefit in this? Maybe I'm barking up the wrong tree.

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  #5 (permalink)
 Airsoftor 
Ladysmith BC, Canada
 
Experience: Intermediate
Platform: Meta Trader
Trading: Crude Oil
 
Posts: 25 since Feb 2017
Thanks: 16 given, 3 received

MetaTrader 5 has (Volume Average) and I find it to be right on. You might like (PVT Price & Volume Trend), everywhere you go it's about Price or Trend and out of every indicator this one kicks butt.

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