Hello All,
Can anyone offer some guidence/assistance with this please.
When looking at a WEEKLY Timeframe, the volume line plotted is
obviously the total volume made up from the corresponding 5 Days
taken from the lower timeframe (Daily).
However, what I would like to do is plot 3 lines for Volume on the
WEEKLY Timeframe.
The 1st line would be the total volume over the last 5 Days (taken
from Daily Timeframe) where the Close for each of the Daily Bars was
HIGHER or EQUAL to its Open.
The 2nd line would be the total volume over the last 5 Days (taken
from Daily Timeframe) where the Close for each of the Daily Bars was
LOWER than the Open.
The 3rd line would simply be the total of the values from Lines 1 &
2. In otherwords, it would simply be the same value as the normal
Weekly Volume.
The 3 lines would be plotted on the Weekly Timeframe.
I've been playing around with the TimeFrameSet function in AB in an
attempt to achieve this but with little success.
Here is the code I have so far:
TimeFrameSet(inDaily);
upvolume = IIf(C>=O,V,0);
downvolume = IIf(C<O,V,0);
upvolume = Sum(upvolume,5);
downvolume = Sum(downvolume,5);
TotalV = upvolume + downvolume ;
TimeFrameRestore();
Plot( TotalV, " Total Volume", colorBlue, ParamStyle("Style",
styleHistogram | styleThick, maskHistogram ) );
When the above code is plotted, the result for the most recent volume
bar on a DAILY timeframe is the SAME value as the value for the most
recent standard Volume Bar on a WEEKLY timeframe !!!
However, what I need to do is plot the result from the Daily
timeframe onto the Weekly Timeframe, so both volume values are the
same.
Consequently, any help would be appreciated,
Many Thanks in advance,
Chorlton
