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How could I construct cumulative volume bars where the bars accumulate based on direction? (This is called a Weis Wave.)
I want to show accumulating volume bars in the up direction in blue, and down direction bars in red.
To allow for "minor" changes in an opposite direction I would want a parameter to continue accumulating unless the close of the bar was greater than "X" in the opposite direction - at which point the accumulation would start over in the opposite direction.
I want to do this on a tick chart, but I suppose it wouldn't matter whether it was tick or time based. "A bar is a bar?"
Thank you.
I want to show accumulating volume bars in the up direction in blue, and down direction bars in red.
To allow for "minor" changes in an opposite direction I would want a parameter to continue accumulating unless the close of the bar was greater than "X" in the opposite direction - at which point the accumulation would start over in the opposite direction.
I want to do this on a tick chart, but I suppose it wouldn't matter whether it was tick or time based. "A bar is a bar?"
Thank you.
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