Looking for candle volume summary labels (green candles total vs. red candles total)

jumanjiz

New member
VIP
Apologies if this has been done before, i couldnt find it.

I am looking for a study that puts a label on my chart. What it does is add up the volume candles that are green on the day so far and display that in a label, then do the same for red and display that, then display a ratio green volume/red volume multiple.. ignores true doji candles (open price = close price)

So on the one minute chart it just gives you (a) the volume sum to the current minute of all the green 1 minute candles, (b) volume sum of all the red 1 minute candles and (c) a/b ...

Does that exist or can anyone create?

Many thanks
 

FutureTony

Active member
VIP
I'm not sure if I understand what you mean by volume candles. But if you are simply looking to count green vs red candles, I wrote this little thing that resets the count at 9:30am each day. Might be a good starting point:
Ruby:
input NYOpen = 0930;
def isNYOpen = secondsFromTime(NYOpen) == 0;
def isUp = close > open;
def isDown = close < open;

def bullCount = if isNYOpen then 0 else if isUp then bullCount[1] + 1 else bullCount[1];
AddLabel(yes,bullCount,Color.GREEN);

def bearCount = if isNYOpen then 0 else if isDown then bearCount[1] + 1 else bearCount[1];
AddLabel(yes,bearCount, Color.RED);

AddLabel(yes,"Ratio: " + Round((bullCount/bearCount),1), Color.WHITE);
 

jumanjiz

New member
VIP
I'm not sure if I understand what you mean by volume candles. But if you are simply looking to count green vs red candles, I wrote this little thing that resets the count at 9:30am each day. Might be a good starting point:
Ruby:
input NYOpen = 0930;
def isNYOpen = secondsFromTime(NYOpen) == 0;
def isUp = close > open;
def isDown = close < open;

def bullCount = if isNYOpen then 0 else if isUp then bullCount[1] + 1 else bullCount[1];
AddLabel(yes,bullCount,Color.GREEN);

def bearCount = if isNYOpen then 0 else if isDown then bearCount[1] + 1 else bearCount[1];
AddLabel(yes,bearCount, Color.RED);

AddLabel(yes,"Ratio: " + Round((bullCount/bearCount),1), Color.WHITE);

Thanks man!! This is great as a step one.

As a step 2, can you add the total volume in each category, so if it was like

84 green and 105 red, ratio 0.8

it would say

84 - 5,432,167 105 - 6,136,789 Ratio 0.8, 0.85 (or whatever the math is...)

Where the second numbers is the sum of the volume in each category?

So # green candles - volume in those candles, # red candles - volume in those candles, Ratio - g/r candles, g-volume/r-volume

Gracias!
 
Last edited:

FutureTony

Active member
VIP
Thanks man!! This is great as a step one.

As a step 2, can you add the total volume in each category, so if it was like

84 green and 105 red, ratio 0.8

it would say

84 - 5,432,167 105 - 6,136,789 Ratio 0.8, 0.85 (or whatever the math is...)

Where the second numbers is the sum of the volume in each category?

So # green candles - volume in those candles, # red candles - volume in those candles, Ratio - g/r candles, g-volume/r-volume

Gracias!
Try this:

Ruby:
input NYOpen = 0930;
def isNYOpen = secondsFromTime(NYOpen) == 0;
def isUp = close > open;
def isDown = close < open;

def bullCount = if isNYOpen then 0 else if isUp then bullCount[1] + 1 else bullCount[1];
def bullVolume =  if isNYOpen then 0 else if isUp then bullVolume[1] + volume else bullVolume[1];
AddLabel(yes,bullCount + " (" + bullVolume + ")",Color.GREEN);

def bearCount = if isNYOpen then 0 else if isDown then bearCount[1] + 1 else bearCount[1];
def bearVolume = if isNYOpen then 0 else if isDown then bearVolume[1] + volume else bearVolume[1];
AddLabel(yes,bearCount + " (" + bearVolume + ")", Color.RED);

AddLabel(yes,"Ratio: " + Round((bullCount/bearCount),1) + " | " + Round((bullVolume/bearVolume),1), Color.WHITE);
 

jumanjiz

New member
VIP
Try this:

Ruby:
input NYOpen = 0930;
def isNYOpen = secondsFromTime(NYOpen) == 0;
def isUp = close > open;
def isDown = close < open;

def bullCount = if isNYOpen then 0 else if isUp then bullCount[1] + 1 else bullCount[1];
def bullVolume =  if isNYOpen then 0 else if isUp then bullVolume[1] + volume else bullVolume[1];
AddLabel(yes,bullCount + " (" + bullVolume + ")",Color.GREEN);

def bearCount = if isNYOpen then 0 else if isDown then bearCount[1] + 1 else bearCount[1];
def bearVolume = if isNYOpen then 0 else if isDown then bearVolume[1] + volume else bearVolume[1];
AddLabel(yes,bearCount + " (" + bearVolume + ")", Color.RED);

AddLabel(yes,"Ratio: " + Round((bullCount/bearCount),1) + " | " + Round((bullVolume/bearVolume),1), Color.WHITE);

My man!

Thanks so much, super helpful, appreciated!
 

samer800

Well-known member
Apologies if this has been done before, i couldnt find it.

I am looking for a study that puts a label on my chart. What it does is add up the volume candles that are green on the day so far and display that in a label, then do the same for red and display that, then display a ratio green volume/red volume multiple.. ignores true doji candles (open price = close price)

So on the one minute chart it just gives you (a) the volume sum to the current minute of all the green 1 minute candles, (b) volume sum of all the red 1 minute candles and (c) a/b ...

Does that exist or can anyone create?

Many thanks
try this, Up/Dn volume strength. very helpful indicator.
https://usethinkscript.com/threads/volume-strength-based-on-up-dn-vol-ratio-for-thinkorswim.13451/
 
Last edited by a moderator:

jumanjiz

New member
VIP
Try this:

Ruby:
input NYOpen = 0930;
def isNYOpen = secondsFromTime(NYOpen) == 0;
def isUp = close > open;
def isDown = close < open;

def bullCount = if isNYOpen then 0 else if isUp then bullCount[1] + 1 else bullCount[1];
def bullVolume =  if isNYOpen then 0 else if isUp then bullVolume[1] + volume else bullVolume[1];
AddLabel(yes,bullCount + " (" + bullVolume + ")",Color.GREEN);

def bearCount = if isNYOpen then 0 else if isDown then bearCount[1] + 1 else bearCount[1];
def bearVolume = if isNYOpen then 0 else if isDown then bearVolume[1] + volume else bearVolume[1];
AddLabel(yes,bearCount + " (" + bearVolume + ")", Color.RED);

AddLabel(yes,"Ratio: " + Round((bullCount/bearCount),1) + " | " + Round((bullVolume/bearVolume),1), Color.WHITE);

Seems to be not counting the opening candle... it works if i move the open time back otherwise doesn't...

Does it work on all timeframes? I tried on the 4 hour and it definitely counts way more candles than jsut however many 4hr ones there have been on the day. 1 hour seems off too...

If i change the time does it count PM? Eg if i change NY open to 7:00 will it start counting at 7am? [absent the 4 hour issue i noted]
 
Last edited:

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