High / Low Volume

by afhacker in category Volatility at 21/09/2016
Description

Tick volume data in Forex market is an extra piece of information that traders has but the point is how should we use it? And what it can tell us? For me tick volume is nothing but an indicator for price volatility on specific period of time so alongside other volatility indicators we can use it to find the market volatility.

This indicator separates tick volume in two parts high and low, It use a moving average to find the average amount of x previous bars tick volume and then it compare the current bar tick volume with that average amount so if the current bar volume was above average volume it means this bar has higher volume and if it was lower than average volume it means the bar volume was lower.

Download : https://www.algodeveloper.com/5-high-low-volume

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How to install
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Formula / Source Code
Language: C#
Trading Platform: cAlgocTrader
using System;
using cAlgo.API;
using cAlgo.API.Internals;
using cAlgo.API.Indicators;
using cAlgo.Indicators;

namespace cAlgo
{
    [Indicator(IsOverlay = false, TimeZone = TimeZones.UTC, AccessRights = AccessRights.None)]
    public class Blank : Indicator
    {
        [Parameter(DefaultValue = 0.0)]
        public double Parameter { get; set; }

        [Output("Main")]
        public IndicatorDataSeries Result { get; set; }


        protected override void Initialize()
        {
            ChartObjects.DrawText("AlgoDeveloper", "Please download this indicator from AlgoDeveloper.com", StaticPosition.Center, Colors.Red);
        }

        public override void Calculate(int index)
        {
            // Calculate value at specified index
            // Result[index] = ...
        }
    }
}
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