Volume up bars, down bars

• 03/06/2025 at 6:25 AM #244701
  Ludde

  I need help with an indicator that meets the following conditions:

  The indicator should display the sum of the volume for all up bars over the past 15 bars.
  It should also display the sum of the volume for all down bars over the past 15 bars.
  The results should be shown in a line chart.

  Thankful for help

  

  Ludde

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  03/06/2025 at 7:50 AM #244702
  JS

  Hereby the indicator:

  Up and Down Volume

  Period = 15 UpVolume = 0 DownVolume = 0 For i = 0 to Period-1 do If Close[i] > Open[i] then UpVolume = UpVolume + Volume[i] ElsIf Close[i] < Open[i] then DownVolume = DownVolume + Volume[i] EndIf Next RETURN UpVolume as "UpVolume" Coloured("Green"), DownVolume as "DownVolume" Coloured("Red")

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  Period = 15   UpVolume = 0 DownVolume = 0   For i = 0 to Period-1 do If Close[i] > Open[i] then UpVolume = UpVolume + Volume[i] ElsIf Close[i] < Open[i] then DownVolume = DownVolume + Volume[i] EndIf Next   RETURN UpVolume as "UpVolume" Coloured("Green"), DownVolume as "DownVolume" Coloured("Red")

  3 users thanked author for this post.

  Iván, robertogozzi, Ludde

  

  JS

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  03/07/2025 at 3:27 PM #244750
  MaoRai54

  Hello,

  it seems interesting but I cannot understand its purpose.

  Someone can tell me which is its practical use?

  Thanks in advance

  

  MaoRai54

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  03/07/2025 at 3:41 PM #244752
  JS

  For example, you can use this indicator as an extra confirmation when you want to open a position:

  If myLongConditions and UpVolume>DownVolume then

  …

  If myLongConditions and UpVolume>AvgVolume then

  …

  If myShortConditions and DownVolume>10000 then

  …

  2 users thanked author for this post.

  robertogozzi, MaoRai54

  

  JS

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