Job finished
Execution time 5 days
Feedback from customer
Fast response, excellent support. Very diligent and helpful. Thanks for your support.
Feedback from employee
Very nice working experience, great concept
Specification
First of all we must define the general requirements to start this job:
Requirements for the code:
The code needs to be:
Object oriented.
Highly modular.
Comments in functions are required (preferably in English).
Documentation highly explained about the writed code.
Requirements for the indicator:
Indicator should be shown in separate window.
Volume composition consists of the following information:
Total volume (buy and sell). By default gray node.
Dominating volume (buy or sell). By default dark green/dark red node.
Dominating active volume (buy or sell). By default light green/light red node.
Dominating volume as percentage of total volume.
Dominating active volume as percentage of total active volume.
Buy and sell volume is defined by volume associated with lower timeframe up/down moves. This classification is further broken down to passive/active, standing for decreasing/increasing volume, e.g. a move up with volume higher than previous bar volume = active buy volume, a move up with volume lower than previous bar volume = passive buy volume.
— Visuals
Breakdown of visual elements:
1. Symbol and timeframe used for volume composition calculations. By default the chart that is viewed and automatically selected lower timeframe.
2. Dominating volume threshold exceeded. Can be defined via input menu, 70% of total volume by default.
3. Dominating volume as percentage of total volume. Plotted below volume nodes, without % symbol.
4. Dominating active volume, + or - symbol, standing for buy and sell. Plotted below dominating volume percentage. When dominating volume and dominating active volume sides are in a disagreement (e.g. dominating volume is on buy side while dominating active volume is on sell side) this symbol will appear inside brackets, (+) or (-).
5. Dominating active volume as percentage of total active volume. Plotted below +/- symbol.
6. Dominating active volume threshold exceeded. Can be defined via input menu, 70% by default.
Indicator information and pinescript code:
https://www.tradingview***.com/script***/d4TDeuRU-Volume-composition-***Buy-sell-active-passive/
In attached images there's how the indicator should look and the settings...
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