[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 :

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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A lot of work here buddy!
Great job!
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.
+2 Reply
Thank you for sharing your hard work!
+1 Reply
Does this repaint?
Phenix2Financial Phenix2Financial
+1 Reply
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.
The volume histogram on the side doesn't seem to show up when I run this script... any ideas?.... seems like a similar setup to the Sierra charts histogram
Is this Script only for BTC/USD?
spacetrader WallStreetTradingRoom
@WallStreetTradingRoom, no, but without volume info for a chart it would be kinda useless. some charts don't have volume
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