by cheeetah » Tue Oct 01, 2019 7:20 am
Greetings Apprentice!
Sorry for the delay,but I reviewed the indicator once again.
The problem that i came up mostly is that when the candle is bullish,it shows ask vol>bid vol and vice versa.
You can find my calculations vs what the indicator shows below and a screenshot.
Should the calculations be unclear here is the example:
Suppose I have a candle with
O:1.0887 H:1.08950
C:1.08928 L:1.08846 VOL:12836.
Step1:Get the range of the bar
=H-L
Step2:Get the body of the bar as % of the range
X=(C-O)/(H-L) (where X is expressed as % of total)
Step 3:Divide the VOL by (2-X) to get the bid volume.The difference between vol and bid vol=askvol.
Now,if i am correct,you did this:
Bid VOL=X * VOL,hence the incongruencies.I did upload an excel sheet with the wrong method of calculation,so pardon me for that.
Again,the you can compare the calculations in the sheet below.
Many thanks for your time and effort
Kind regards
- Attachments
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- bidaskvol(1).xlsx
- (147.6 KiB) Downloaded 398 times
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