Indicators: WPVH

Automated-Trading 2018.09.27 16:13

The Wyckoff PV Histogram indicator

WPVH

Fabiano Luiz Roberto 2023.03.16 21:07 #1

Out of curiosity, why is more 'weight' placed on the histogram when the volume of the current candle is lower than the volume of the previous candle... shouldn't it be the other way around? (I'm referring to the code, in the part below, where it says 8 it should be 7 and vice versa. )

 BufferRAW[i]=
        (
         UDPC && LVWS ? 8 :  
         UDPC && HVWS ? 7 :  .......

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Ricardo Rodrigues Lucca 2023.03.17 00:55 #2

Fabiano Luiz Roberto placed on the histogram when the volume of the current candle is lower than the volume of the previous candle... shouldn't it be the other way around? (I'm referring to the code, in the part below, where it says 8 it should be 7 and vice versa. )

Look, I didn't do the code, but I was thinking about it. Look at these two volume conditions:

LVWS, means that the candle size was larger than the previous candle and the price moved less;
HVWS, means that the size of the candle was larger than the previous candle and the price moved more;

I'll rewrite the previous two in different words:

LVWS, means I needed less force to get a bigger candle;
HVWS means I needed more force to get a bigger candle;

So what do you think would need to be heavier? The sail that moved more with less resistance or the sail that had more resistance?

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Fabiano Luiz Roberto 2023.03.30 01:24 #3

Ricardo Rodrigues Lucca #:

I didn't do the code, but I was thinking about it. Look at these two volume conditions:

LVWS, means that the candle size was larger than the previous candle and the price moved less;
HVWS, means that the size of the candle was larger than the previous candle and the price moved more;

I'll rewrite the previous two in different words:

LVWS, means I needed less force to get a bigger candle;
HVWS means I needed more force to get a bigger candle;

So what do you think would need to be heavier? The spark plug that moved more with less resistance or the spark plug that had more resistance?

Perfect... that makes sense.

Thank you very much!

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