Support Board
Date/Time: Thu, 28 Nov 2024 18:49:55 +0000
[User Discussion] - How to highlight/extend low volume price level on renko chart
View Count: 347
| [2023-04-16 16:26:19] |
| brainscan132 - Posts: 5 |
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Hello, What I am trying to achieve is the inverse of the "volume at price threshold v2" study, i.e. I want to highlight a price level on the chart where the Total Volume is LOWER than the threshold rather than above it (or within a specified range). The equivalent on a volume profile would be the extension of a "valley" instead of a "peak". In the example picture there is a renko footprint... I want to be able to highlight/extend a level where the volume is e.g. 100 or less (even more helpful if I could define a set range). I have circled levels where the total volume at price was <100, I would like to highlight/extend these on a renko chart. Many thanks |
 LVN query.PNG / V - Attached On 2023-04-16 16:18:40 UTC - Size: 533.58 KB - 102 views |
| [2023-04-17 03:02:32] |
| Sawtooth - Posts: 4120 |
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I want to be able to highlight/extend a level where the volume is e.g. 100 or less
If the VAP of interest is always at the H or L of the bar, you can do this:- Add the Color Bar Based On Alert Condition study. - Set the 'Output When Condition True' to 'Use Input Data' - Set the 'Input Data' to 'High' - Set the 'Draw Extension Lines At Color Bar Value' to your choice - Set the Draw Style to Text (to not color the bar) - Use this formula on the Alerts tab: =VAP(H,0)<100 Duplicate the above study for the Low: - Set the 'Input Data' to 'Low' - Use this formula on the Alerts tab: =VAP(L,0)<100 Date Time Of Last Edit: 2023-04-17 03:14:31
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