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I am copying and pasting this from forexfactory because help might be better here:
There is a customized volume indicator which needs to do the following:
I want it to only show Volume bars for the corresponding price bars that made a high or low.
1. The price bar that makes a new high would have a volume bar shown as blue.
2. The price bar that makes a new low would have a volume bar shown as red.
3. The price bar that makes a new high AND a new low (outside bar) would have a volume bar colored grey.
4. The price bar that DOES NOT make a new high or a new low would have an invisible price bar.... i.e. no color.
I would like all the colors to be adjustable so if i change background colors on my charts i could adjust the volume colors if need be.
The attached indicator does just this, but it does not work for a live market; that is, when the indicator gets attached to the chart, it will correctly show which volume bar gets which color; but will not create any new volume bars after. I don't know if this is a difficult issue or just something simple that has been overlooked.
Here's the code for anyone who would rather see it here:
Thanks.