This script displays an intrabar volume analysis in realtime
displayed data is the following
More options will be added in the future, at least customization of the colors.
This indicator was developed as part of a free blog post tutorial on the Backtest-Rookies website for detailed code commentary, head over there.
The indicator shall attempt to do the following:
Look at a lower time-frame. E.g 5 minutes when on a 1-hour chart.
Create a function to loop through through candles and make an assessment.
thanks to the new request.security_lower_tf()-function we are able to calculate intrabar volume. So here is my approach.
Please be aware, that the selected resolution should always be smaller than the selected chart timeframe.
You can find the exact values for bullish and bearish volume in the data window.
Hope it helps some of you :)
intrabar_cross_value(a, b, step) Find the minimum difference of a intrabar cross and return its median value.
a : float, series a.
b : float, series b.
step : float, step to iterate x axis, default=0.01
This is a simple live tick-chart with optional tick-matching.
Stream Live ticks
Set Matching conditions (price difference, volume or both)
Tick lines will increase in width when there's a match.
Optionally plot labels with volume and price change information.
Well-documented source code for pine nuts.