LazyBear

Colored Volume Bars [LazyBear]

צפיות ‎73141‎
8427
Edgar Kraut proposed this simple colored volume bars strategy for swing trading.

This is how the colors are determined:
- If today’s closing price and volume are greater than 'n' days ago, color today’s volume bar green.
- If today’s closing price is greater than 'n' days ago but volume is not, color today’s volume bar blue.
- Similarly, if today’s closing price and volume is less than 'n' days ago, color today’s volume bar orange.
- If today’s closing price is less than 'n' days ago but volume is not, color today’s volume bar red.

Buy the green or blue volume bars, use a 1% trailing stop, and stand aside on red or orange bars.

As you see, this is more for entry confirmation. I have not tested this on any instrument.

You may have to tune the lookback period for your instrument. Default is 10.

More info:
"A color-based system for short-term trading" - http://www.traders.com/Documentation/FEE...

List of all my indicators:
סקריפט קוד פתוח

ברוח TradingView אמיתית, מחבר סקריפט זה פרסם אותו עם קוד פתוח, כך שסוחרים יוכלו להבין ולאמת זאת. הידד למחבר! אתה יכול להשתמש בו בחינם, אך שימוש חוזר בקוד זה בפרסום הנו בכפוף ל כללי הבית . אתה יכול להגדירו כמועדף ולהשתמש בו בגרף.

רוצה להשתמש בסקריפ זה בגרף?
//
// @author LazyBear 
// List of all my indicators: https://www.tradingview.com/v/4IneGo8h/
//
study("Colored Volume Bars [LazyBear]", shorttitle="CVOLB_LB")
lookback=input(10)
showMA=input(false)
lengthMA=input(20)
p2=close
v2=volume
p1=p2[lookback] 
v1=v2[lookback] 
c=	iff(p2>p1 and v2>v1, green, 
	iff(p2>p1 and v2<v1, blue,
	iff(p2<p1 and v2<v1, orange,
	iff(p2<p1 and v2>v1, red, gray))))
plot(v2, style=columns, color=c)
plot(showMA?sma(v2, lengthMA):na, color=maroon)
List of my free indicators: http://bit.ly/1LQaPK8
List of my indicators at Appstore: http://blog.tradingview.com/?p=970

תגובות

what do you mean by loopback? sorry I am new to this
+37 השב
I need this indicator on mt4 forma i really like it please help me !!
+20 השב
How about Colored Candles with Colored Bars?
+15 השב
LazyBear QuantitativeExhaustion
Add the following 2 lines to the end of the script.

ebc=input(true, title="Enable bar colors")
barcolor(ebc?c:na)
+25 השב
@LazyBear, I need this indicator on mt4 forma i really like it please help me !!
+10 השב
Interesting script and made a small adjustments in your script. 1) option to input a different lookback period for price and volume. 2) added an option to turn the lookback period for volume into a moving average period for volume.
+4 השב
MarxBabu Dutchinvestor
@Dutchinvestor, @Dutchinvestor, can you share the screen shot and if any improvements here.
+2 השב
@MarxBabu, I can show a screenshot but I am not changing LazyBear's scripts because I respect his work very much. I will show you my input screen for the modifications I have made for myself. All credits goes to LazyBear for creating many great scripts that taught me a lot about the pine script language. https://imgur.com/a/r72nc5Y
השב
MarxBabu Dutchinvestor
@Dutchinvestor, thank you i checked it
+2 השב
Rh895 Dutchinvestor
@Dutchinvestor, what time frame do you use this tweek for? Day trade or swing trade? And how has it been working?
+1 השב