Re: Breakout

17
If you picture the candle math involved it is good
You could basically find the sum of two open price of candles which is unusual



“”Trading Volume indicator shows the volume of Buying and Selling Trades on the Current Bar Or on average of specific number of last bars as you want


First: if you choose (CalculationBy = BidRatio)

The indicator calculates Buying and Selling Volumes Based on

Bid Price(Close Price)

Means that Bulls = Bid Price - Low Price

Bears = High Price – Bid Price


Second: if you choose (CalculationBy = OpenRatio)

The indicator calculates Buying and Selling Volumes Based on

Open Price

Means that Bulls = High Price - Open Price

Bears = Open Price – Low Price


Third: if you choose (CalculationBy = BodyRatio)

The indicator calculates Buying and Selling Volumes Based on

The Candle Body Length divided on total candle length with respect to its direction“”
0 + 0 = 0
Infinite / Infinite = 1
1 way to Heaven & it matters

Re: Breakout

19
josi wrote: Sun May 14, 2023 9:24 pm It is a bit unclear to me what this indicator's adavantage (in trading) could possibly be:
all you get (percentage-wise) is what you can see when you look at the candle
Image
the higher timeframe direction is all, you can find the exact middle of a day or week
or compare the body ratio to tick volume
0 + 0 = 0
Infinite / Infinite = 1
1 way to Heaven & it matters

Re: Breakout

20
The bid ratio has an advantage over the open price of higher time frames at it adjusts to the highs and lows
and body ratio is best used for displaying the closest volume strength of one candle


‘the body ratio is the only matching to tick volume i find
but ticks happen before the body ratio changes so it still isnt as fast however no % display
the bid ratio can tell the angle of several candles also like a fractal’

Bid ratio - trend
Body ratio - strength
Open ratio - :eh:
0 + 0 = 0
Infinite / Infinite = 1
1 way to Heaven & it matters


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