Power Volume Candle
FREE
Publicado:
1 julio 2025
Versión actual:
1.5
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Candle body size?
Tick volume?
Which?
How you calculate this? By
Candle body size?
Tick volume?
Which?
Calculations using the volume of bull and bear candles,
Example: In 9 candle history, 5 candles are bull and 4 candles are bear.
- Total volume of 5 bull candles: 4000.
- Total volume of 4 bear candles: 6000.
Total volume in 9 candles: 4000 + 6000 = 10000
Percentage:
BULL: 4000 (total bull volume) / 10000 * 100 = 40%
BEAR: 6000 (total bear volume) / 10000 * 100 = 60%
Hope this helps.. thank you..
Calculations using the volume of bull and bear candles,
Example: In 9 candle history, 5 candles are bull and 4 candles are bear.
- Total volume of 5 bull candles: 4000.
- Total volume of 4 bear candles: 6000.
Total volume in 9 candles: 4000 + 6000 = 10000
Percentage:
BULL: 4000 (total bull volume) / 10000 * 100 = 40%
BEAR: 6000 (total bear volume) / 10000 * 100 = 60%
Hope this helps.. thank you..
So your saying set to 14, 7 are bullish and 7 are bearish? And would the bias always be in odd numbers 3,5,7,9,11, etc. that the bullish will always be the higher number like 3, 2 bull 1 bear, 5 would be 3 bull 2 bear etc.?
So your saying set to 14, 7 are bullish and 7 are bearish? And would the bias always be in odd numbers 3,5,7,9,11, etc. that the bullish will always be the higher number like 3, 2 bull 1 bear, 5 would be 3 bull 2 bear etc.?
Not always, you can also use even values.
What's important to understand about this indicator is that it focuses more on calculating the volume of bull and bear candles from the total number of historical candles specified.
Therefore, it doesn't require an odd number of historical candles.
Additionally, not included in this version:
Doji candles will always be assigned a value of zero (0) because they don't change the price between their Open and Close.
For example:
In this version, the indicator will concentrate on calculating candles that cause price changes (BULL & BEAR), which will then be calculated as explained in my comment above.
To everyone reading this, please comment with your feedback.
Because, as long as possible, I will make this indicator free for everyone.
Thank you.
Hello, it is interesting and useful indicator for sure.
Can you make the size of panel and text sizes able to adjuste on future updates. Because when using big screen with 4k resolution it is too little to see normally.
Also it would be nice if can but this panel itself with mouse or can also adjust where it is on the map.
Thanks
Hello, it is interesting and useful indicator for sure.
Can you make the size of panel and text sizes able to adjuste on future updates. Because when using big screen with 4k resolution it is too little to see normally.
Also it would be nice if can but this panel itself with mouse or can also adjust where it is on the map.
Thanks
This is an additional note for development. If possible, I'll add a feature to adjust the scale for pixel adjustments in a future update. Thank you for your feedback.
Very useful indicator. Can you add option to display it at the right side of the chart?