volume growth

[pbereau]

Hi

Can you make an indicator which colored the current bar in red (or another color) when the volume of the current bar is more than 50% of the volume of the precedent bar ?

Also can you make the volume growth detection as a variable (for example the volume can rise 50%, or 80% or more as defined by the user to create a signal) ?

Kind regards

pbereau

[ACM]

pbereau
The enclosed script should do what you asked. The percent value (default is 50) can be modified through Edit Studies
Alex

function preMain() {

    setPriceStudy(false);
    setStudyTitle("Volume");
    setCursorLabelName("Volume", 0);
    setDefaultBarFgColor(Color.blue, 0);
    setDefaultBarThickness(2,0);
    setPlotType(PLOTTYPE_HISTOGRAM,0);
    
    var fp1 = new FunctionParameter("Percent", FunctionParameter.NUMBER);
    fp1.setDefault(50);
}

function main(Percent) {

    if(volume(0)>volume(-1)+((volume(-1)*Percent)/100)){
    setBarFgColor(Color.red);
    }
   
    return volume();
}