LazyBear

Colored Volume Bars [LazyBear]

Edgar Kraut proposed this simple colored volume bars strategy for swing trading.

This is how the colors are determined:
- If today’s closing price and volume are greater than 'n' days ago, color today’s volume bar green.
- If today’s closing price is greater than 'n' days ago but volume is not, color today’s volume bar blue.
- Similarly, if today’s closing price and volume is less than 'n' days ago, color today’s volume bar orange.
- If today’s closing price is less than 'n' days ago but volume is not, color today’s volume bar red.

Buy the green or blue volume bars, use a 1% trailing stop, and stand aside on red or orange bars.

As you see, this is more for entry confirmation. I have not tested this on any instrument.

You may have to tune the lookback period for your instrument. Default is 10.

More info:
"A color-based system for short-term trading" - http://www.traders.com/Documentation/FEE...

List of all my indicators:

List of my free indicators: http://bit.ly/1LQaPK8
List of my indicators at Appstore: http://blog.tradingview.com/?p=970
開源腳本

本著真正的TradingView精神,該腳本的作者將其開源發布,以便交易者可以理解和驗證它。為作者喝彩吧!您可以免費使用它,但在出版物中重複使用此代碼受網站規則的約束。 您可以收藏它以在圖表上使用。

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想在圖表上使用此腳本?
//
// @author LazyBear 
// List of all my indicators: https://www.tradingview.com/v/4IneGo8h/
//
study("Colored Volume Bars [LazyBear]", shorttitle="CVOLB_LB")
lookback=input(10)
showMA=input(false)
lengthMA=input(20)
p2=close
v2=volume
p1=p2[lookback] 
v1=v2[lookback] 
c=	iff(p2>p1 and v2>v1, green, 
	iff(p2>p1 and v2<v1, blue,
	iff(p2<p1 and v2<v1, orange,
	iff(p2<p1 and v2>v1, red, gray))))
plot(v2, style=columns, color=c)
plot(showMA?sma(v2, lengthMA):na, color=maroon)