Volume Profile and Market Profile a new wave of market picture

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manish9300

Well-Known Member
#1,011
#1,011
Added this line "volume expansion and price contraction will give explosives moves" to the code.lol

Title = "SellVolume:"+WriteVal(SV,5.0)+" "+"BuyVolume:"+WriteVal(BV,5.0)+" "+"VolumeIndex:"+WriteVal(VI,1.2)+" "+
"BuyVolume:"+WriteVal(100*BV/(BV+SV),2.0)+"%"+" "+"SellVolume:"+WriteVal(100*SV/(BV+SV),2.0)+"%"+" Volume Expansion and Price Contraction will give Explosives Moves";
_SECTION_END();
 
travi

travi

Well-Known Member
#1,012
#1,012
manish9300 said:
Added this line "volume expansion and price contraction will give explosives moves" to the code.lol

Title = "SellVolume:"+WriteVal(SV,5.0)+" "+"BuyVolume:"+WriteVal(BV,5.0)+" "+"VolumeIndex:"+WriteVal(VI,1.2)+" "+
"BuyVolume:"+WriteVal(100*BV/(BV+SV),2.0)+"%"+" "+"SellVolume:"+WriteVal(100*SV/(BV+SV),2.0)+"%"+" Volume Expansion and Price Contraction will give Explosives Moves";
_SECTION_END();
Click to expand...
You'll need the other lines too:
Vi, SV and BV in these lines of code are variables defined in the lines you skipped.
 
Happy_Singh

Happy_Singh

Happy
#1,013
#1,013
XRAY27 said:
That buysell is based on MA 30 in volume chart.. sell volume+buy volume = total volume i'e in your words red:green ratio the TBQ:TSQ, i need this to see other volume divergences only i use on EOD chart..i think i have shared all this through various images but imgur effect all out :mad:

as i said

volume expansion and price contraction will give explosives moves :lol:

check the afl which i already shared

Code: 
_SECTION_BEGIN("BUYSELL VOL");
SetBarsRequired(sbrAll,sbrAll);
 
// BUYING VOLUME AND SELLING VOLUME //
 
BV = IIf( (H==L), 0, V*(C-L)/(H-L) );
SV = IIf( (H==L), 0, V*(H-C)/(H-L) );
 
PlotOHLC(SV,SV,0,0,"Sell Volume",colorRed,styleCandle|styleNoTitle|styleNoLabel );
PlotOHLC(SV,BV+SV,SV,BV+SV,"Buy Volume",colorBrightGreen ,styleCandle|styleNoTitle|styleNoLabel );
 
Va = MA(V,30);
 


 
VI = V/Va;
 
Title = "SellVolume:"+WriteVal(SV,5.0)+"   "+"BuyVolume:"+WriteVal(BV,5.0)+"   "+"VolumeIndex:"+WriteVal(VI,1.2)+"   "+
"BuyVolume:"+WriteVal(100*BV/(BV+SV),2.0)+"%"+"   "+"SellVolume:"+WriteVal(100*SV/(BV+SV),2.0)+"%";
_SECTION_END();

visit this thread for volume study , it is excellent work from Anil trivedi sir !!!

http://www.traderji.com/technical-analysis/69380-charts-day.html
Click to expand...
Hi

Interesting on daily chart it plots the position of day Close wrt HoD/LoD on Volume candles :)

But intuitively, seems upside down, so I switched places for the red/green part of the candle . . .
Supply pushes the price down while, Demand pushes them up :)

Try if you like it

Code: 
PlotOHLC(0,BV,0,BV,"Buy Volume",colorBrightGreen,styleCandle|styleNoTitle|styleNoLabel );
SetBarFillColor(ColorRGB(128,0,0)); 
PlotOHLC(BV+SV,BV+SV,BV,BV,"Sell Volume",colorBrightGreen,styleCandle|styleNoTitle|styleNoLabel );
replace the two PlotOHLC lines with these 3




Happy :)
 
travi

travi

Well-Known Member
#1,014
#1,014
Happy_Singh said:
Hi

Interesting on daily chart it plots the position of day Close wrt HoD/LoD on Volume candles :)

But intuitively, seems upside down, so I switched places for the red/green part of the candle . . .
Supply pushes the price down while, Demand pushes them up :)

Happy :)
Click to expand...
Had a doubt before Xray bhai posted the AFL.

Technically, volume is order sum per TF, therefore total Qty SELL has to be equal to total Qty BUY.

Its clear that H-C:C-L ratio will give clue of candle directly on Volume bars :clapping:

The words Buy & Sell Volume can be B/S Price ratio or something :p
 
HappyLife

HappyLife

Well-Known Member
#1,015
#1,015
travi said:
Had a doubt before Xray bhai posted the AFL.

Technically, volume is order sum per TF, therefore total Qty SELL has to be equal to total Qty BUY.

Its clear that H-C:C-L ratio will give clue of candle directly on Volume bars :clapping:

The words Buy & Sell Volume can be B/S Price ratio or something :p
Click to expand...
only price action / price action all time then nothing more than incomplete knowledge…
sometime its better to read for fun how each and every indicator works like accumulation/distribution indicator.
 
travi

travi

Well-Known Member
#1,016
#1,016
HappyLife said:
only price action / price action all time then nothing more than incomplete knowledge…
sometime its better to read for fun how each and every indicator works like accumulation/distribution indicator.
Click to expand...
This is what happens to someone who takes potshots and jibes at others more than anything else :D
1. I've probably studied as many indicators as you have
2. That post has nothing to do with Price Action, logically, how can you split volume into a buy:sell ratio?
Then you've got to update your "incomplete knowledge".
Superimposition of price on volume bar could have been named accordingly, I already appreciated the AFL maker for an ingenious idea.

Even after your jibe Opinion still holds for intraday TF and your indicators :p
 
wisp

wisp

Well-Known Member
#1,017
#1,017
Happy_Singh said:
Hi

Interesting on daily chart it plots the position of day Close wrt HoD/LoD on Volume candles :)

But intuitively, seems upside down, so I switched places for the red/green part of the candle . . .
Supply pushes the price down while, Demand pushes them up :)

Try if you like it

Code: 
PlotOHLC(0,BV,0,BV,"Buy Volume",colorBrightGreen,styleCandle|styleNoTitle|styleNoLabel );
SetBarFillColor(ColorRGB(128,0,0)); 
PlotOHLC(BV+SV,BV+SV,BV,BV,"Sell Volume",colorBrightGreen,styleCandle|styleNoTitle|styleNoLabel );
replace the two PlotOHLC lines with these 3




Happy :)
Click to expand...
Happyji, very nice. changed the last line to colorRed instead of colorBrightGreen.
Code: 
PlotOHLC(0,BV,0,BV,"Buy Volume",colorBrightGreen,styleCandle|styleNoTitle|styleNoLabel );
SetBarFillColor(ColorRGB(128,0,0)); 
PlotOHLC(BV+SV,BV+SV,BV,BV,"Sell Volume",colorRed,styleCandle|styleNoTitle|styleNoLabel );
 
Last edited:
monkeybusiness

monkeybusiness

Well-Known Member
#1,020
#1,020
Happy_Singh said:
Hi

Interesting on daily chart it plots the position of day Close wrt HoD/LoD on Volume candles :)

But intuitively, seems upside down, so I switched places for the red/green part of the candle . . .
Supply pushes the price down while, Demand pushes them up :)

Try if you like it

Code: 
PlotOHLC(0,BV,0,BV,"Buy Volume",colorBrightGreen,styleCandle|styleNoTitle|styleNoLabel );
SetBarFillColor(ColorRGB(128,0,0)); 
PlotOHLC(BV+SV,BV+SV,BV,BV,"Sell Volume",colorBrightGreen,styleCandle|styleNoTitle|styleNoLabel );
replace the two PlotOHLC lines with these 3

Happy :)
Click to expand...
Happy Ji,

I am getting this error in no of AFLs including the above AFL shared by XRay bhai.

 
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