by daniel.kovacik » Fri Aug 12, 2016 10:02 am
heres the think... lets say we chose start from the beginning of day (open price), (repeatable process) until there will be for example 1K volume cumulated (we ll see that with horizontal line, like on that picture), than it ll change to the current price and start cumulate again 1K volume (it ll create kind of stairs) and create another horizontal line until 1K will be cumulated...
it doesnt need to be 1K volume... anyway, it doesnt need to be just for a day, it can be session...
and of course it would be good to see historical progress of this setting (volume) to pick the best one... cause it could be good to have an algo ti pick a right threshold for volume according previous day, session or Ndays...
Try ATAS platform also, orderflowtrading.net
Not sure about a name of that indi there, but it ll be in volume subclass of indi...
and yes, new candles will be generated, this indi just create blocks of volume... like on that picture... so, it doesnt need to be or will not be always same amount of candles...
Regards,
DK