Candle with volume difference

• 04/11/2023 at 6:14 PM #213116
  amitoverseas40

  Team,

   

  I need your help please…..

  Need an indicator that Loops between 8 or x number of candles..

   

  large candle in the loop of 8 (or number), with a low volume than 600 – please look at CV1 pic attached. Compare to 1^st ,2^nd candles where volume was < 600 the body size of 3rd candle is smaller but volume exceeded 600 despite of the size.

   

   

  small candle in the loop of 8, with a high volume than 600 – please look at CV2 pic attached. Compare to 1^st candle where volume was > 600 the body size of 4^th candle is wayyy smaller but volume exceeded 600 despite of the size.

  

  amitoverseas40

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  04/11/2023 at 6:27 PM #213120
  robertogozzi

  You want to loop backwards N candles, to find what, exactly?

  How big should the volume be and how big or small has the range or body of the candle be?

   

  

  robertogozzi

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  04/11/2023 at 6:35 PM #213123
  amitoverseas40

  Hi Roberto, thanks for the prompt response, appreciate it.

  I am looking for a differences in volume compare to candle sizes as depicted in the attached pictures.

  Volume parameter we can set to 600 as an example…look at the live chart of DOW Jones that I’ve attached on 1 min…timings are in GMT..

  just few mins ago,

  CV2 pic has

  1736 candle of 1 min,

  1739 candle of 1 min

  and

   

  CV1 Pic has

  1710 candle of 1 min and

  1712 candle of 1 min.

  You’ll see what I am trying to achieve there.

  It’s the overall size of the candle high and low.. not body but total size comparison.

  

  amitoverseas40

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  04/11/2023 at 6:48 PM #213126
  amitoverseas40

  amitoverseas40 wrote:

  Another one from live chart of DJ….

  candle timings 1813 and 1814….also 1830 and 1831…

  hope it make some sense now..

  

  amitoverseas40

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  04/12/2023 at 9:54 AM #213165
  amitoverseas40

  Few more attachments as observed from yesterday’s live session..

  

  amitoverseas40

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  04/12/2023 at 1:12 PM #213185
  Nicolas

  amitoverseas40 wrote:

  I am looking for a differences in volume compare to candle sizes as depicted in the attached pictures.

  In this case we can just make a simple ratio, then comparison could be made:

  return volume/range

  1	return volume/range

  High peaks mean big volume on small candlesticks.

  You can even square that value to highlight it:

  return square(volume/range)

  1	return square(volume/range)

   

  

  Nicolas

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  04/12/2023 at 4:02 PM #213196
  amitoverseas40

  Hi Nicolas,

   

  Thank you. How do we do that in a loop of candles comparing?

  Sorry I am not much of a coder despite my best tries, I fail miserably 🙂

  

  amitoverseas40

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