Volume flow indicator

[mavrik73]

Hello.
Would like some help on the following formula.

Id like to construct an indicator that all it dose, is either adds the volume value for the bar, or deducts it.

The rule is , If the current 30 min bar takes out the Pre bar high, then add the current volume value to the acumilatore. If it takes out the low, then deduct it. If it takes out both high and low or is an inside bar, nothing happens the volume value is "0".

This indicator should have a switch resets each day back to ZERO where the first days 30 min bar refers to the last bar from previous day so that Its input will not go unheard.
or enable an on going acumilation based on the rules...

Thank yo

[ACM]

mavrik73
The attached efs will add the Volume if the High of the current bar is greater than the prior's (and the Low is greater or equal) and subtract it if the Low is lower than the prior Low (and the High is equal or lower). In all other conditions ie outside or inside bars the Volume is ignored.
It also has a switch called Daily Reset which if set to On (the default) zeroes the cumulative volume at the beginning of each day else it keeps a running total.
The efs is set to compute on close of a bar and is for intraday charts only.
Alex

[mavrik73]

Thank you Alex. here are some ways of using this

First, each MKT will have its own over bought over sold level ...
Example the mini SP contract I use 250K (I think) and -250K...

second .. this is an AMAIZING tool for divergence ...

Third is trend lines on the indicator ..
Hope ppl will find this usfull..


Thanks again.!
Itai