Need explanation on Hawkeye volume indicator

Quoting jopopo

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hello,

i use the Haweke volume indicator and i ve got the source code but i don't understand it. it use green for bullish volume, red for bearish and white is neutral.

it's a great indicator but i would like to understand how it decide which color the bar will be?

it's not (or at least not only) depending on where the bar close.

i join the indicator, let me know if you got a clue.

thanks

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Quoting jopopo

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thanks for the quick reply

yes this is a bit poorly coded, i use to reload it everytime before taking a decision.

is there any good volume indicator that does the sae kind of work (not like better volume), but one indicator that show bearish and bullish volume?

or maybe there is a coder that is willing to try to fix this one?

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Quoting jopopo

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on my strategy, i compare the volume on up move and down move to see which one is taking over the trend.
where the close occurs on the bar is important.

so i think that a simple volume indicator that color bars according to where the bar close could be great:

- closing on the upper thrid, green bar
- lower third, red bar
- middle third white

if one programmer could have a look at that it would be great.

thanks

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Quote

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double MIDDLEOFBAR = (High[i]+Low[i])/2; // EXACT MIDDLE
double UPOFBAR = (High[i]+Low[i])/2 + (High[i]-Low[i])/6; // UP CLOSE
double DOWNOFBAR = (High[i]+Low[i])/2 - (High[i]-Low[i])/6; // DOWN CLOSE

//----

if (Close[i] < DOWNOFBAR && Open[i]>Close[i] && Close[i]<Low[i+1])
{
RED[i]= NormalizeDouble(Volume[i],0);
}

if (Close[i] > UPOFBAR && Open[i]<Close[i] && Close[i]>High[i+1])
{
GREEN[i]= NormalizeDouble(Volume[i],0);
}

if ( ?????????? )
{
WHITE[i]= NormalizeDouble(Volume[i],0);
}

//----
return(0);
}
//+------------------------------------------------------------------+...

Quoting jopopo

Disliked

hello,

that's an interresting indicator but not quite what i m looking for, i having some test with the haweke, trying to modify it myself (but i ain't got no coding skills), can you give me a hand, i m trying to have a white candle for everything that is not red or green in this code :

thanks

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if (Close[i] < DOWNOFBAR && Open[i]>Close[i] && Close[i]<Low[i+1])
  RED[i]= NormalizeDouble(Volume[i],0);
else
if (Close[i] > UPOFBAR && Open[i]<Close[i] && Close[i]>High[i+1])
  GREEN[i]= NormalizeDouble(Volume[i],0);
else
  WHITE[i]= NormalizeDouble(Volume[i],0);

Quoting jopopo

Disliked

hello,

thanks Hanover for the reply, it work great.
just one last thing, it always draws 2 colors for the same bar, so i used to reload it in order to correct this bug before i take a decission. the (sort of) repainting is just the previous one due to the code's nature.
is there a way to solve this bug? like having it to reload itself automaticaly or else...

thanks

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Quoting jopopo

Disliked

thanks man

Ignored

        double MIDDLEOFBAR   = (High[i]+Low[i])/2;                           // EXACT MIDDLE
        double UPOFBAR       = (High[i]+Low[i])/2 + (High[i]-Low[i])/6;      // UP CLOSE
        double DOWNOFBAR     = (High[i]+Low[i])/2 - (High[i]-Low[i])/6;      // DOWN CLOSE

[color=Red]        RED[i]   = EMPTY_VALUE;
        GREEN[i] = EMPTY_VALUE;
        WHITE[i] = EMPTY_VALUE;
[/color]        
        if (Close[i] < DOWNOFBAR && Open[i] > Close[i] && Close[i] < Low[i+1])
            RED[i]= NormalizeDouble(Volume[i],0);
        else
        if (Close[i] > UPOFBAR && Open[i] > Close[i] && Close[i] > High[i+1])
            GREEN[i]= NormalizeDouble(Volume[i],0);
        else
            WHITE[i]= NormalizeDouble(Volume[i],0);

Quoting jopopo

Disliked

now it only show red and white candle, the issue is that the indicator is going to draw a candle white + red or green. it should draw white , green or red.

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        if (Close[i] < DOWNOFBAR && Open[i] > Close[i] && Close[i] < Low[i+1])
            RED[i]= NormalizeDouble(Volume[i],0);
        else
        if (Close[i] > UPOFBAR && Open[i] [b][color=Red]<[/color][/b] Close[i] && Close[i] > High[i+1])
            GREEN[i]= NormalizeDouble(Volume[i],0);
        else
            WHITE[i]= NormalizeDouble(Volume[i],0);

Quoting hanover

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For a programmer to undertake the work, you would first need to explain how you calculate bullish and bearish volume.

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Quoting jopopo

Disliked

it's ok now, thanks hanover.

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