Advanced Volume

by afhacker in category Oscilator at 17/05/2016
Description

This indicator shows bearish and bullish volume, It counts each up / down tick and shows them in a oscillator format.

Above zero shows bullish volume and below zero shows bearish volume.

If you are a tick chart scalper this indicator will be very helpful for you!

Download : https://www.algodeveloper.com/6-advanced-volume

M1 Chart:

Advanced Volume

As you are seeing on screenshot it's just work with live real time data.

Download
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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] = ...
        }
    }
}
Comments

tmc. - May 17, 2016 @ 20:30

Would be nice to see both selling and buying volume separated. Maybe 2 histograms, above 0 for buy and below for sell. Anyway, great idea! Thanks for sharing. :)

DavalRista - September 18, 2016 @ 22:07

Looks interesting, but I think it would be better if it would only show the up volume if the #/ratio of up ticks would be greater than down ticks and vice versa for down volume. Maybe an idea for the alternative version heh. Thanks.

afhacker - September 20, 2016 @ 16:26

@DavalRista

Send me an email with more detail about your idea and I will create an indicator based on your idea.

my email: afhackermubasher@gmail.com

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