Volume with force

18 thg 8, 2022

This indicator shows the classic stock volume chart with a plottable 20 periods SMA line. Along with this, it shows to the top right of the pane a percent, showing the current "volume force".

This force is calculated as the SMA of the last 3 volume candles excluded the current candle (only counts finished candles) and then compare it with the standard 20 periods volume SMA.

Some examples for a better understanding:

• A value of 200% means that the SMA of last 3 candles is equals to 2 times of the 20 periods volume SMA
  
• A value of 100% means that the SMA of last 3 candles is equals to the 20 periods volume SMA
  
• A value of 50% means that the SMA of last 3 candles is equals to 1/2 of the 20 periods volume SMA
  
• A value of 25% means that the SMA of last 3 candles is equals to 1/4 of the 20 periods volume SMA
  

If the value is above 100%, the background will be green, red otherwise. A green value means that the symbol is having a nice volume income.

Customizable settings

• Timeframe: the main TF to plot volume and calculate force
  
• MA Length: the length of the standard volume SMA to plot (and to compare for the force calculation)
  
• Diff force length: the length of the last candles (excluded the current candle) to compare with the standard volume SMA
  
• Show moving average: if checked, plots the standard SMA
  
• Show volume force: if checked, shows to the top right the volume force
  

30 thg 8, 2022

Phát hành các Ghi chú

• Changed indicator name to better describe that the timeframe is customizable
  
• Added an alert that triggers when the current volume is > than SMA 20 periods (20 by default, the period is customizable)
  

Instructions to make the alert work:

• Add the indicator to your layout
  
• Set the desidered settings
  
• Create an alarm (Alt + A)
  
• In the first condition toolbox select "Volume with tf force"
  
• Press create (unless you want to change secondary stuff like notification settings)
  

10 thg 9, 2022

Phát hành các Ghi chú

Colors of the long and short columns are now customizable