Volume Separator (help needed)

• 03/06/2020 at 6:09 PM #121395
  mattmckoen

  I would really like some help getting an indicator i’d like to use working in probuilder.

  I watched a youtube video where SMB capital have a volume indicator that seperates the buying and selling volume in the volume sticks.
  For instance; if 100 shares are traded in a 5 minute period, and 25 of them are on sell side (red), 65 on buy side (green) and 10 are flat (black), the volume will go to 100 on y axis, and the volume stick will comprise the the afforementioned figures as seperate colours rather than one block colour of green or red or black.

  SMB gave me the code which they use on their platform (I think they use TOS) but this code doesn’t run in Probuilder (It won’t let me add indicator to chart).
  As i’m sure is obvious i have no coding experience in the Probuilder and I doubt I’d use it for anything but this indicator so I’m stuck and would really appreciate some help.

  

  mattmckoen

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  03/09/2020 at 10:54 AM #121534
  Nicolas

  Would you mind posting screenshots of the indicator applied to a chart, in order to make it looks the same? Thank you.

  

  Nicolas

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  03/09/2020 at 11:13 AM #121538
  mattmckoen

  Yes of course, thanks for looking into it!

  

  mattmckoen

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  03/09/2020 at 12:08 PM #121553
  robert123

  //o=open hi=high l=low c=close v=volume buying=v*(c-l)/(hi-l) selling=v*(hi-c)/(hi-l) sv=selling bv=buying return bv ,sv , summation[14](bv-sv)

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  //o=open hi=high l=low c=close v=volume   buying=v*(c-l)/(hi-l) selling=v*(hi-c)/(hi-l)   sv=selling bv=buying   return bv ,sv , summation[14](bv-sv)

   

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  Nicolas

  

  robert123

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  03/09/2020 at 12:20 PM #121555
  mattmckoen

  @robert123,

  Thanks for your post but unfortunately this isn’t the indicator I’ve seen.

  

  mattmckoen

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  03/09/2020 at 12:45 PM #121557
  robert123

  looks pretty close to above- you will need to turn the lines into ‘histogram’ and then remove the summation if it not needed.

  R

  

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  03/09/2020 at 3:23 PM #121573
  Nicolas

  Thank you Robert.

  This version is with histograms:

  //o=open hi=high l=low c=close v=volume buying=v*(c-l)/(hi-l) selling=v*(hi-c)/(hi-l) sv=selling bv=buying return bv coloured(0,255,0) style(histogram) ,sv coloured(255,0,0) style(histogram)

  1 2 3 4 5 6 7 8 9 10 11 12 13

  //o=open hi=high l=low c=close v=volume   buying=v*(c-l)/(hi-l) selling=v*(hi-c)/(hi-l)   sv=selling bv=buying   return bv coloured(0,255,0) style(histogram) ,sv coloured(255,0,0) style(histogram)

   

  

  Nicolas

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  03/09/2020 at 3:35 PM #121575
  robert123

  Thanks, Nicolas

  

  robert123

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  03/09/2020 at 3:49 PM #121577
  GraHal

  Nicholas code added as Log 199 here …

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  Nicolas

  

  GraHal

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  03/09/2020 at 4:34 PM #121585
  mattmckoen

  Just inputted the code and love the result!!! Thank you guys so much for your help! V happy with it

  Matt

  

  mattmckoen

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  03/09/2020 at 5:53 PM #121595
  GraHal

  Wow … yeah!!!

  I used to use same Indicator on another website … good to have it back again.

  Thank You Each

  

  GraHal

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  03/09/2020 at 6:48 PM #121604
  mattmckoen

  So just realised the indicator works perfectly for green candles; but for some reason it doesn’t separate the green from the red when a red candle forms! Any idea how i can fix this?

  

  mattmckoen

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  03/10/2020 at 8:52 AM #121633
  Nicolas

  There is no difference between green and red candles, the formula is the same, therefore it should work the same in any case..

  

  Nicolas

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  03/10/2020 at 9:33 AM #121639
  robert123

  It might be worth looking at the summation(s)-I think the difference between longer and shorter calculations, could shed some light. In any event, the summation [14] used with a moving average is useful.

  

  robert123

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  03/10/2020 at 9:41 AM #121642
  Nicolas

  You are right robert123! Cumulative volumes on each side is a great indicator of the market strength, even if the formula used here is not so accurate as extracting the real bid:ask volumes.

  

  Nicolas

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