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Is it possible to create somehow indicator that would show big vol spikes like in screenshots below?
If I could set stocks price range and vol bar size
I try to do it in stock hacker but dont know how to set volume bar.
Can you help answer these questions from other members on NexusFi?
input Length = 10; #the length to calculate climactic volume
DefineGlobalColor("ClimacticUpColor", Color.GREEN);# the color for climactic up volume
DefineGlobalColor("ClimacticDnColor", Color.RED);# the color for climactic down volume
DefineGlobalColor("ConfusedVolColor", Color.MAGENTA); #the color for chop volume
DefineGlobalColor("BelowAveVolumeColor", Color.YELLOW);# the color for low volume
DefineGlobalColor("NormalAveVolColor", Color.DARK_GRAY); # the color for normal volume
def ClimaxUp = if UpVolRange == Highest(UpVolRange, Length) and UpVol > DnVol then 1 else 0;
def ClimaxDn = if DnVolRange == Highest(DnVolRange, Length) and DnVol > UpVol then 1 else 0;
def Chop = if ClimaxUp == 0 and ClimaxDn == 0 and TotVolRange == Highest(TotVolRange, Length) then 1 else 0;
def LowVol = if TotVol == Lowest(TotVol, Length) then
1 else 0;
plot "Volume" = TotVol;
"Volume".AssignValueColor(if ClimaxUp then GlobalColor("ClimacticUpColor") else if ClimaxDn then GlobalColor("ClimacticDnColor") else if Chop then GlobalColor("ConfusedVolColor") else if LowVol then GlobalColor("BelowAveVolumeColor") else GlobalColor("NormalAveVolColor"));
"Volume".SetPaintingStrategy(PaintingStrategy.HISTOGRAM);
"Volume".SetLineWeight(5);
