The Long vs Short Fraction in Volume
- Göstergeler
- Zheng Chen Liang
- Sürüm: 2.0
The is the indicator showing the estimated fraction of long and short volumes, working on any symbol in any period.
Its execution algorithms and speed are optimized.
* The estimation method:
- For historical bars without tick information, it measures the percentage of high and low compared with open and close in a proper way;
- For present bars with tick information, it calculates the direction of every tick and adds up the fraction for long and short trades in volume;
* The indicator works for both volume and tick volume.
* The default color scheme:
- The long fractions of either real volume or tick volume are shown in red & gold colors;
- The short fractions of either real volume or tick volume in cyan & green colors;
- The demonstrations of long versus short fraction are symmetric above and below the zero axis;
* If the user wants to customize the color scheme or else parameters please contact the author for the code.