Volume Zone for trading

[CashMoney]

Hi,

I need help with following:
I want to create a zones ( made of high of candle- horizontal line, low of candle- horizontal line, and close of candle with horizontal line). These horizontal lines go across the chart. The Zone is created after the candle is closed.
The zone is based on the volume of the candle.
The zone is not created until the previous highest volume is broken.

For example,
At 930AM- volume of a candle is 2000
at 10 AM- volume of the candle is 1000
At 11 AM volume of candle is 5000
At 3pm volume of candle is 1000

There would be a zone for 930 AM candle, and 11 Am candle. Not for 10 am and 3pm candle because no new high volume was created.

can someone help with this? @samer800 @chewie76
Thank you

 

[halcyonguy]

Hi,

I need help with following:
I want to create a zones ( made of high of candle- horizontal line, low of candle- horizontal line, and close of candle with horizontal line). These horizontal lines go across the chart. The Zone is created after the candle is closed.
The zone is based on the volume of the candle.
The zone is not created until the previous highest volume is broken.

For example,
At 930AM- volume of a candle is 2000
at 10 AM- volume of the candle is 1000
At 11 AM volume of candle is 5000
At 3pm volume of candle is 1000

There would be a zone for 930 AM candle, and 11 Am candle. Not for 10 am and 3pm candle because no new high volume was created.

can someone help with this? @samer800 @chewie76
Thank you

this section is for finished studies.
post your questions in the questions group
https://usethinkscript.com/forums/questions.6/

is this the same question as your other post?
https://usethinkscript.com/threads/volume-zone.20490/

 

[halcyonguy]

Hi,

I need help with following:
I want to create a zones ( made of high of candle- horizontal line, low of candle- horizontal line, and close of candle with horizontal line). These horizontal lines go across the chart. The Zone is created after the candle is closed.
The zone is based on the volume of the candle.
The zone is not created until the previous highest volume is broken.

For example,
At 930AM- volume of a candle is 2000
at 10 AM- volume of the candle is 1000
At 11 AM volume of candle is 5000
At 3pm volume of candle is 1000

There would be a zone for 930 AM candle, and 11 Am candle. Not for 10 am and 3pm candle because no new high volume was created.

can someone help with this? @samer800 @chewie76
Thank you

you didn't say if the highest volume should reset each day.

this only looks at bars on the current day.
on the bar with the highest volume today, it reads the high, low, close.
plots 3 lines, at the most recent levels

#vol_big_bar_price_zone
#https://usethinkscript.com/threads/volume-zone-for-trading.20491/
#Indicator Forums Indicators Custom 
#Volume Zone for trading

def na = double.nan;
def bn = barnumber();
def d = getday();
def newday = d != d[1];
def istoday = d == getlastday();
def v = volume;
def lastbar = (!isnan(close) and isnan(close[-1]));

def vhi;
def hi;
def lo;
def cls;
if istoday and !istoday[1] then {
 vhi = v;
 hi = high;
 lo = low;
 cls = close;
} else if istoday and v > vhi[1] then {
 vhi = v;
 hi = high;
 lo = low;
 cls = close;
} else {
 vhi = vhi[1];
 hi = hi[1];
 lo = lo[1];
 cls = cls[1];
}

plot zhi = highestall(if lastbar then hi else 0);
plot zlo = highestall(if lastbar then lo else 0);
plot zcls = highestall(if lastbar then cls else 0);

zhi.SetDefaultColor(Color.magenta);
zlo.SetDefaultColor(Color.magenta);
zcls.SetDefaultColor(Color.magenta);
#

 

[CashMoney]

@halcyonguy this is what I came up so far. How can I get the bubble to move the end of the line for each zone?


VolumeZone CashMoney
def marketOpenTime = 1800; # Futures market open time (6:00 PM)
def marketCloseTime = 1700; # Futures market close time (5:00 PM)

# Define the start of a new day based on market open time
def newDay = if SecondsTillTime(marketOpenTime) == 0 then 1 else 0;

def highVol = volume;
rec highestVol = if newDay then highVol else if highVol > highestVol[1] then highVol else highestVol[1];
rec highLine = if newDay then high else if highVol == highestVol then high else highLine[1];
rec lowLine = if newDay then low else if highVol == highestVol then low else lowLine[1];
rec closeLine = if newDay then close else if highVol == highestVol then close else closeLine[1];

plot HighLinePlot = if !IsNaN(highLine) then highLine else Double.NaN;
plot LowLinePlot = if !IsNaN(lowLine) then lowLine else Double.NaN;
plot CloseLinePlot = if !IsNaN(closeLine) then closeLine else Double.NaN;

HighLinePlot.SetDefaultColor(Color.RED);
HighLinePlot.SetStyle(Curve.SHORT_DASH);
HighLinePlot.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);

LowLinePlot.SetDefaultColor(Color.GREEN);
LowLinePlot.SetStyle(Curve.SHORT_DASH);
LowLinePlot.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);

CloseLinePlot.SetDefaultColor(Color.BLUE);
CloseLinePlot.SetStyle(Curve.SHORT_DASH);
CloseLinePlot.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);

# Adding volume bubble next to CloseLine only once
AddChartBubble(highVol == highestVol, closeLine, highestVol, Color.YELLOW, yes);