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fikira
16 de Jan de 2022 18:33

Intrabar Price/Volume Change (experimental) 

Bitcoin / United States DollarCoinbase

Descrição

This experimental script shows the intrabar progression of price/volume

It can only be used with live data, when you switch timeframe or ticker, it will start over again.

When you let the script run, you'll get insight of what is going on during the bar progression.

On each tick, when the price goes up, a green line will be drawn,
if it goes down, a red line is drawn. The higher the difference with previous price, the wider the line.
The same with volume (lighter, broader lines), only it will always be drawn in the same direction as price goes.


You can set the max width of the lines, when a spike is larger then previous lines, the rest will be adjusted, so the ratio stays the same




The center line (position can be changed) has 2 colors (only on second and minute timeframes) -> this makes it easy to see the bar progression, each change in color represents a new bar


Lines can be drawn on 2 sides, or at 1 side, also they can be reversed

Many thanks to @LonesomeTheBlue and @LucF for their inspiration, help and guidance!

Cheers!
Comentários
tbiktag
Interesting concept. Thanks a lot for sharing!
fikira
@tbiktag, Thank you very much!
LonesomeTheBlue
Thank you for sharing your valuable script with the community!
fikira
just_naba
its great done ,,, if u can put a total end of the bar as % it will be more clear
fikira
@naba_naif, be my guest to improve it
BOB122
Great Contribution To The Trading Comunity, As Always You Nailed It.
I Tried New Ways To Interpretate The Correlation Between Price And Volume, You Working Is An Excellent Contribution To Price & Volume Trader's Though It Is Difficult To Access Volume On Ticks, Your Contribution Has Opened Many New Dimensions To Ponder Upon And Made Many Things Possible.

Best Regards
fikira
@BOB122, Thank you so much for your kind words! Appreciate it very much! 💙
JayM0ap
Legend
fikira
@JayM0ap, 💙
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