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Vol spike indicator


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Vol spike indicator

  #1 (permalink)
Okar19
New york
 
Posts: 48 since Oct 2015
Thanks Given: 10
Thanks Received: 10

Hey guys.

Is it possible to create somehow indicator that would show big vol spikes like in screenshots below?
If I could set stocks price range and vol bar size
I try to do it in stock hacker but dont know how to set volume bar.


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  #2 (permalink)
 barguy 
houston tx usa
 
Experience: Intermediate
Platform: tradestation
Trading: CL
Posts: 8 since Mar 2017
Thanks Given: 9
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Okar19 View Post
Hey guys.

Is it possible to create somehow indicator that would show big vol spikes like in screenshots below?
If I could set stocks price range and vol bar size
I try to do it in stock hacker but dont know how to set volume bar.


This might help....

declare lower;

input Length = 10; #the length to calculate climactic volume
DefineGlobalColor("ClimacticUpColor", Color.GREEN);# the color for climactic up volume
DefineGlobalColor("ClimacticDnColor", Color.RED);# the color for climactic down volume
DefineGlobalColor("ConfusedVolColor", Color.MAGENTA); #the color for chop volume
DefineGlobalColor("BelowAveVolumeColor", Color.YELLOW);# the color for low volume
DefineGlobalColor("NormalAveVolColor", Color.DARK_GRAY); # the color for normal volume

def UpVol = if (high - low) > 0 then (high - open) / (high - low) * volume else volume * 0.5;
def DnVol = if (high - low) > 0 then (open - low) / (high - low) * volume else volume * 0.5;

def UpVolRange = UpVol * (high - low);
def DnVolRange = DnVol * (high - low);
def TotVol = UpVol + DnVol;
def TotVolRange = TotVol * (high - low);

def ClimaxUp = if UpVolRange == Highest(UpVolRange, Length) and UpVol > DnVol then 1 else 0;
def ClimaxDn = if DnVolRange == Highest(DnVolRange, Length) and DnVol > UpVol then 1 else 0;
def Chop = if ClimaxUp == 0 and ClimaxDn == 0 and TotVolRange == Highest(TotVolRange, Length) then 1 else 0;
def LowVol = if TotVol == Lowest(TotVol, Length) then
1 else 0;

plot "Volume" = TotVol;
"Volume".AssignValueColor(if ClimaxUp then GlobalColor("ClimacticUpColor") else if ClimaxDn then GlobalColor("ClimacticDnColor") else if Chop then GlobalColor("ConfusedVolColor") else if LowVol then GlobalColor("BelowAveVolumeColor") else GlobalColor("NormalAveVolColor"));
"Volume".SetPaintingStrategy(PaintingStrategy.HISTOGRAM);
"Volume".SetLineWeight(5);

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Last Updated on May 5, 2020


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