Equi Volume View

[Apprentice]

Equi Volume candles will the candle width as a function of the volume.

Equi Volume View.lua

(6.02 KiB) Downloaded 1094 times

[Apprentice]

Performance Improvement.

[darrylwolfaardt]

I have tried to load this indicator and must be doing something wrong

I get a successfully imported message but cant seem to find the indicator in the list.

Could you please advise.

Thanks
Darryl

[Apprentice]

Use File-> Create View

[darrylwolfaardt]

Thanks

[upwave]

Hi, i have tested the equi volume view. This is I think a very useful tool. Thanks for developping it.

Unefortunately, I came accros a problem when testing it. The broadness of the bars seems to be altered when sliding over the time scale. Please see pictures attached.

Would you have any idea how to overcome that issue? Rgds.

[Apprentice]

The candle with the highest volume, will be presented with maximum Candle width.
U can use Size parameter to define normalization period.
Candle width is determined by the Ratio between current candle volume and Max volume and Last Size periods.

Furthermore, as you add more data to your chart, max width for any candle will be reduced.

In extreme cases, when the candle is only a pixel wide, some rounding errors are possible.

Will try to optimize the algorithm a bit.

[upwave]

Thanks Apprentice for this clear feedback. I didn't make the point that the width was calculated relatively to the bar history. Rgds.

[Apprentice]

The indicator was revised and updated.