Description
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This indicator is a conversion for "Hidden Gap's VSA" from tradingview.
I'm not sure about the original author since it seems that many versions are avaiable online.
This indicator analyzes volumes by color coding them in respect to theri momentum.
HH, LL Small and LL Big are three ranges, the HH is used to put in comparison the current volume to the Highest Volume of the last HH periods, LL Small and LL Big are two ranges for the Lowest Volumes where, obviously, LL Big is a larger range than LL Small.
For any bug report or suggestion, contact me by joining the group linked above, or just comment below
using System;
using cAlgo.API;
using cAlgo.API.Internals;
using cAlgo.API.Indicators;
using cAlgo.Indicators;
namespace cAlgo
{
[Indicator(IsOverlay = false, TimeZone = TimeZones.UTC, AccessRights = AccessRights.None)]
public class HGVSAV : Indicator
{
[Parameter("HH Length", DefaultValue = 40)]
public int perhh { get; set; }
[Parameter("LL Small Length", DefaultValue = 2)]
public int perlls { get; set; }
[Parameter("LL Big Length", DefaultValue = 20)]
public int perllb { get; set; }
[Parameter("MA Length", DefaultValue = 20)]
public int perma { get; set; }
[Output("Main", LineColor = "Black", Thickness = 0, PlotType = PlotType.Points)]
public IndicatorDataSeries Result { get; set; }
[Output("Vol sma", LineColor = "Orange")]
public IndicatorDataSeries sma { get; set; }
private SimpleMovingAverage smaVol;
private IndicatorDataSeries hhvol, llsvol, llbvol;
protected override void Initialize()
{
IndicatorArea.DrawHorizontalLine("0", 0, Color.Gray);
smaVol = Indicators.SimpleMovingAverage(MarketSeries.TickVolume, perma);
hhvol = CreateDataSeries();
llsvol = CreateDataSeries();
llbvol = CreateDataSeries();
}
public override void Calculate(int index)
{
hhvol[index] = MarketSeries.TickVolume.Maximum(perhh);
llsvol[index] = MarketSeries.TickVolume.Minimum(perlls);
llbvol[index] = MarketSeries.TickVolume.Minimum(perllb);
Color color;
double volume = MarketSeries.TickVolume[index];
color = volume > hhvol[index - 1] ? Color.White : volume < llbvol[index - 1] ? Color.DarkGray : volume < llsvol[index - 1] ? Color.Gray : volume > MarketSeries.TickVolume[index - 1] ? Color.Orange : volume < MarketSeries.TickVolume[index - 1] ? Color.Red : Color.Black;
IndicatorArea.DrawTrendLine("_Volume" + index, index, 0, index, volume, color, 3);
Result[index] = volume;
sma[index] = smaVol.Result[index];
}
}
}
cysecsbin.01
Joined on 10.11.2018 Blocked
- Distribution: Free
- Language: C#
- Trading platform: cTrader Automate
- File name: Hidden Gap's VSA Volume.algo
- Rating: 5
- Installs: 4569
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