spacetrader

[ST] Volume Flow v6

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Latest update to the volume flow indicator. It calculates volume fraction up and down based on candle shape: body counts twice one way, wicks count both ways. Total volume (positive + negative) is the regular volume . Additionally, I added breakout detection, oscillator, colored candles for easy trend following, reversal warnings, high and low volume alarms. Every aspect uses volume for calculations.

What some parts mean : http://i.imgur.com/nZu9rbe.png

Hope this helps someone, I use it myself as signals for confirmations. Tips are cool, but saying thanks is plenty as well :)
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is there a way to just plot volume on the y axis on the right? not with all the other stuff. isn't that what volume profile basically is?
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@spacetrader, would it be possible to have you modify the code such that individual candle colors can be selected/deselected? I would like to keep some candles default and some colored by your indicator. Trying to set the candle color opacity to zero just turns the candle black. Thank you very, very much.
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This is phenomenal. Thank you.Here:s how I use it:
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Wow!
A lot of work here buddy!
Great job!
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Maybe this is more sensefull for lower timeframes but, for Occam's razor, I would say that, for green candles, the natural movement will be open -> low -> high -> close, because it is the shortest path to traverse the candle, and for bear candles, open -> high -> low -> close.

So for green candles, your fraction up will be the full price range, and your fraction down, the wicks.

The complete price_path will be then 2*wicks + body, and for green candles:

fractionup = (high - low) / price_path
fractiondown = ((open - low) + (high - close)) / price_path

For bear candles, just swap the values.
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Thank you for sharing your hard work!
+1 Reply
Does this repaint?
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Phenix2Financial Phenix2Financial
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So just to clarify, there's no way to get the buy/sell volume into tradingview so this script in a way, reverse engineers it?
+2 Reply
Hey, is there anyway to disable the bottom container box and just have colored candles? I got to many containers already.
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