Constant Volume Candles Chart for ProOrder

• 12/20/2023 at 11:18 AM #225505
  Fabienml

  Hi,

  As Constant Volume candles are not available for ProOrder, i tried to work on a code to develop an indicator that could be used to place orders through a ProOrder Strategy. However, i couldn’t make it work.

  It seems to not display the candles properly, therefore i must make mistake in the candles parameters calculations but i can’t find the solution.

  Here is the draft i started, can anyone help me to make that work properly ?

  Thanks a lot in advance !

  Constant Volume Candles Indicator

  // Paramètres de l'indicateur volumeSeuil = 10000 // Volume seuil pour chaque bougie // Variables cumulVolume = 0 // Cumul du volume debutBougie = UNDEFINED // Début de la bougie à volume constant bougieEnCours = 0 // Indicateur si une bougie est en cours de formation (0 pour non, 1 pour oui) openBougie = 0 highBougie = 0 lowBougie = 0 closeBougie = 0 // Calcul des bougies à volume constant FOR i = 0 TO BarIndex cumulVolume = cumulVolume + volume[i] IF cumulVolume >= volumeSeuil THEN IF debutBougie = UNDEFINED THEN debutBougie = i openBougie = open[i] highBougie = high[i] lowBougie = low[i] ELSE highBougie = MAX(highBougie, high[i]) lowBougie = MIN(lowBougie, low[i]) ENDIF closeBougie = close[i] bougieEnCours = 1 ENDIF IF bougieEnCours = 1 AND (cumulVolume >= volumeSeuil OR i = BarIndex) THEN // Affichage de la bougie DRAWCANDLE(openBougie, highBougie, lowBougie, closeBougie) COLOURED (255, 0, 0) // Réinitialisation pour la prochaine bougie debutBougie = UNDEFINED cumulVolume = 0 bougieEnCours = 0 // Réinitialiser highBougie et lowBougie pour la prochaine bougie highBougie = UNDEFINED lowBougie = UNDEFINED ENDIF NEXT RETURN

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  // Paramètres de l'indicateur volumeSeuil = 10000 // Volume seuil pour chaque bougie   // Variables cumulVolume = 0 // Cumul du volume debutBougie = UNDEFINED // Début de la bougie à volume constant bougieEnCours = 0 // Indicateur si une bougie est en cours de formation (0 pour non, 1 pour oui) openBougie = 0 highBougie = 0 lowBougie = 0 closeBougie = 0   // Calcul des bougies à volume constant FOR i = 0 TO BarIndex     cumulVolume = cumulVolume + volume[i]       IF cumulVolume >= volumeSeuil THEN         IF debutBougie = UNDEFINED THEN             debutBougie = i             openBougie = open[i]             highBougie = high[i]             lowBougie = low[i]         ELSE             highBougie = MAX(highBougie, high[i])             lowBougie = MIN(lowBougie, low[i])         ENDIF         closeBougie = close[i]         bougieEnCours = 1     ENDIF       IF bougieEnCours = 1 AND (cumulVolume >= volumeSeuil OR i = BarIndex) THEN         // Affichage de la bougie         DRAWCANDLE(openBougie, highBougie, lowBougie, closeBougie) COLOURED (255, 0, 0)                  // Réinitialisation pour la prochaine bougie         debutBougie = UNDEFINED         cumulVolume = 0         bougieEnCours = 0         // Réinitialiser highBougie et lowBougie pour la prochaine bougie         highBougie = UNDEFINED         lowBougie = UNDEFINED     ENDIF NEXT   RETURN

   

  

  Fabienml

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  12/20/2023 at 1:25 PM #225510
  JS

  Hi @Fabienmi,

  I think the “Constant Volume Candles” are present in PRT, because you have the option to select a time frame which is not based on time but on (equal) volumes…

  Go to “TimeFrame” in your graph and select “10k volumes”…

  

  JS

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  12/20/2023 at 1:38 PM #225512
  Fabienml

  Hi JS,

  Yes i actually already use that for manual trading. The reason for this indicator is that auto trading doesn’t work with constant volume candle, so i need to rebuild an indicator to make it work.

  

  Fabienml

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  12/20/2023 at 2:34 PM #225516
  JS

  Hi Fabien,

  That’s right, the non-time related timeframes don’t work with pro-order…

  Do you think your indicator will work with pro-order…?

  (A “good” indicator for this will have to be based on “tick-data” which is also not time related…)

  

  JS

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  12/20/2023 at 2:50 PM #225517
  ashehzi

  I have tried it before and it works.

  In your chart, e.g. open nas chart with 12500 volume candles, then backtest/deploy your algo, it will run on that. At least it used to before.

  

  ashehzi

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  12/20/2023 at 3:00 PM #225519
  ashehzi

  Please ignore my post, it isn’t working

  

  ashehzi

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  12/20/2023 at 4:29 PM #225546
  Jean FX

  As far as I know, it’s impossible to reproduce this constant volume indicator using a linear unit of time, which is the only choice available in autotrading.
  It is the principle of this indicator to be dependent only on volume and not on time.

  1 user thanked author for this post.

  ashehzi

  

  Jean FX

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