Bearish and Bullish TickVolume

Posted By AlexBlack Monday, April 14, 2014
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AlexBlack
 Posted Monday, April 14, 2014
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Dear Admin,
is it possible in addition to TickVolume function to get separate volumes for ticks when prices went up and down inside the candle. How it can be programmed?
Admin
 Posted Wednesday, April 16, 2014
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Deal AlexBlack,

Instead of changing the color based on the previous volume value, it is possible to change it depending on candle (bearish or bullish).
Such modified indicator can be found in the attachment.


Best regards

-ACTFX© Forum Administrator
 Bearish and Bullish TickVolume.acti (2 views, 1.81 KB)
Wednesday, April 16, 2014 by Admin
AlexBlack
 Posted Wednesday, April 16, 2014
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Dear Admin,

thank you for the reply, but I meant something different. The TickVolume is the number of ticks inside the candle, in other words - how mahy times prece changed during the candle. What I meant - is it possible to calculate separately how many times price changed upward and how many downward, so upward+downward=TickVolume?
Admin
 Posted Thursday, April 17, 2014
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Deal AlexBlack,



Modification of existing TickVolume indicator in such way is impossible.

But you can create your own indicator that will calculate (from the moment of implementing the indicator on the chart) the number of ticks in bullish and bearish direction.

Note: every time the chart is changed (for example time frame or instrument) - the indicator will be cleaned and calculation will start over.


Best regards

-ACTFX© Forum Administrator
AlexBlack
 Posted Thursday, April 17, 2014
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Dear Admin,

may be you can give me some glue how to write such indicator. The problem is that I do not completely understand the functionality of Recalculate< Newrate and Newcandle procedures in indicator's script. I feel quite comfortable writing strategy script, but indicator script looks for me deep forest alike for me Sad. As I understood to write such indicator I need to use at least two time frames at the some time - tick time frame and time frame for desired candle (1, 5. 15 mins, etc.)? The idea as I see it is to get the price of tick, then minus it from previous price to get thus bearish or bullish direction. Then count ups and downs separately for every candle having up and down volume. For the next candle start over again. So I need two SourceGraphs - tick and candle. How it can be done in code. And how to start, I mean how to calculate the very beginning price direction - it always is the start point in history beyond which we do not have prices.

Sincerely,
AlexBlack
Admin
 Posted Friday, April 25, 2014
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Dear AlexBlack,

We have added new indicator "Bearish and Bullish TickVolume" to the FXApps.
The description of the indicator can be found on the corresponding forum post


Best regards

-ACTFX© Forum Administrator
Friday, April 25, 2014 by Admin
AlexBlack
 Posted Friday, April 25, 2014
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Dear Admin,

thank you very much!

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