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OHLC Volume Histogram

MTI
By MTI
950

OHLC Volume Histogram displays the difference between two streams of the OHLC Volume volume indicator as a colored histogram.

There are no input parameters.

Calculation:

Histogram = StreamUP - StreamDN

where:

StreamUP = Volume * UP_Coeff / (UP_Coeff+DN_Coeff)
StreamDN = Volume * DN_Coeff / (UP_Coeff+DN_Coeff)

UP_Coeff = High-Open
DN_Coeff = Close-Low

Volume - tick volume
Fig.1. OHLC Volume Histogram
Fig. 2. OHLC Volume Histogram + OHLC Volume

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