liw0

Time Segmented Volume

Time Segmented Volume
an indicator I was asked to port by sunnyd76

CREDITS: http://quant.stackexchange.com/questions...

If you like it I would also be happy about a small donation
BTC 1GyfGTBsVHMbPovFGFeipe7b7ET1aebGx5

Questions or Comments? Just send me a PM!
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Want to use this script on a chart?
//      Written by liw0 active on https://www.tradingview.com/u/liw0
 
//      If you decide to use my script in your published charts,
//      please keep this header as it is now and leave the name unchanged!
//      It would make me happy to see my script put to use in other charts :)
 
//      If you like it I would also be happy about a small donation
//      BTC 1GyfGTBsVHMbPovFGFeipe7b7ET1aebGx5
 
//      Questions or Comments? Just send me a PM!

//      CREDITS: http://quant.stackexchange.com/questions/2816/how-to-calculate-time-segmented-volume

study("Time Segmented Volume")

l  = input(13, title="Length")
l_ma = input(7, title="MA Length")

t = sum(close>close[1]?volume*close-close[1]:close<close[1]?(volume*-1)*close-close:0,l)
m = sma(t ,l_ma )

plot(t, color=red, style=histogram)
plot(m, color=green)

Kommentarer

corrected version can be found here:

Svara
line 19 is non sensical. since volume is usually much larger than close values (if one really would like to compare two totally different things), the close is not influent as well as the last close in the formula
Svara