//@version=5
indicator("VolumeSUITE2B", overlay=true, format=format.volume)
// User Inputs
lowerTimeframeTooltip = "The indicator scans lower timeframe data to
approximate up and down volume used in the delta calculation. By
default, the timeframe is chosen automatically. These inputs override
this with a custom timeframe.\n\nHigher timeframes provide more
historical data, but the data will be less precise."
useCustomTimeframeInput = input.bool(false, "Use custom timeframe",
tooltip=lowerTimeframeTooltip)
lowerTimeframeInput = input.timeframe("1", "Timeframe")
// Hollow Candle Customizations
customColorUp = input.color(color.green, "Color for Positive Volume")
customColorDown = input.color(color.red, "Color for Negative Volume")
customTransparency = input.int(70, "Transparency (0-100)")
// Chart Candle Customizations
chartCandleColor = input.color(color.blue, "Color for Chart Candle
Median")
hollowCandleColor = input.color(color.purple, "Color for Hollow Candle
Median")
// Net Volume Label Customizations
labelColorUp = input.color(color.green, "Net Volume Label Color for
Positive")
labelColorDown = input.color(color.red, "Net Volume Label Color for
Negative")
labelPosition = input.string("Above", "Net Volume Label Position",
options=["Above", "Below"])
labelSizeEnabled = input.bool(true, "Enable Net Volume Label Size")
labelSize = input.int(12, "Net Volume Label Size", minval=1, maxval=24)
labelBackgroundColor = input.color(color.black, "Net Volume Label
Background Color")
// Volume Calculation Function
upAndDownVolume() =>
float posVol = 0.0
float negVol = 0.0
var bool isBuyVolume = true
switch
close > open => isBuyVolume := true
close < open => isBuyVolume := false
close > close[1] => isBuyVolume := true
close < close[1] => isBuyVolume := false
if isBuyVolume
posVol += volume
else
negVol -= volume
posVol + negVol
var lowerTimeframe = switch
useCustomTimeframeInput => lowerTimeframeInput
timeframe.isseconds => "1S"
timeframe.isintraday => "1"
timeframe.isdaily => "5"
=> "60"
// Request Lower Timeframe Data
diffVolArray = request.security_lower_tf(syminfo.tickerid,
lowerTimeframe, upAndDownVolume())
// Calculate High, Low, and Cumulative Volume
getHighLow(arr) =>
float cumVolume = na
float maxVolume = na
float minVolume = na
for item in arr
cumVolume := nz(cumVolume) + item
maxVolume := math.max(nz(maxVolume), cumVolume)
minVolume := math.min(nz(minVolume), cumVolume)
[maxVolume, minVolume, cumVolume]
[maxVolume, minVolume, lastVolume] = getHighLow(diffVolArray)
// Calculate Medians
CHARTCANDLEMEDIAN = (high + low) / 2
VOLUMECANDLEMEDIAN = (maxVolume + minVolume) / 2
// Calculate NetVolume
NetVolume = maxVolume - minVolume
// Reference Previous Day's Close
previousClose = request.security(syminfo.tickerid, "D", close[1])
// Proportional Scaling Factor
scalingFactor = input.float(1.0, "Scaling Factor (0.0 to 100.0)",
step=0.1) / 100.0
// Determine Proportional Sizes
rawHollowCandleSize = (NetVolume * scalingFactor) / previousClose
hollowCandleSize = math.max(rawHollowCandleSize, 0.001) // Ensure size
is not zero
// Calculate Candle Body Sizes
candleBodyHigh = CHARTCANDLEMEDIAN + hollowCandleSize
candleBodyLow = CHARTCANDLEMEDIAN - hollowCandleSize
// Colors for Hollow Candles
colorUp = lastVolume > 0 ? customColorUp : na
colorDown = lastVolume < 0 ? customColorDown : na
// Plot the CHARTCANDLEMEDIAN for reference with customization
plot(CHARTCANDLEMEDIAN, title="Chart Candle Median",
color=chartCandleColor, linewidth=2, style=plot.style_stepline)
// Plot customized color candles for HOLLOWCANDLEMEDIAN
plot(VOLUMECANDLEMEDIAN, title="Hollow Candle Median",
color=hollowCandleColor, linewidth=2, style=plot.style_stepline)
// Convert integer size to predefined label size
labelSizeConverted = labelSize <= 8 ? size.small :
labelSize <= 12 ? size.normal :
size.large
// Display NetVolume Label with customization
if labelSizeEnabled
label.new(x=bar_index, y=labelPosition == "Above" ? high : low,
text=str.tostring(NetVolume), color=labelBackgroundColor,
textcolor=color.white, style=label.style_label_down,
size=labelSizeConverted)
else
labelColorBold = lastVolume > 0 ? color.green : color.red
label.new(x=bar_index, y=labelPosition == "Above" ? high : low,
text=str.tostring(NetVolume), color=na, textcolor=labelColorBold,
style=label.style_label_down, size=size.normal)
// Plot hollow candles
plotcandle(open=candleBodyLow, high=high, low=low, close=candleBodyHigh,
color=color.new(color.white, customTransparency), // Body is
white with transparency for hollow effect
wickcolor=lastVolume > 0 ? customColorUp : customColorDown,
bordercolor=lastVolume > 0 ? customColorUp : customColorDown,
title="Volume Intel")
// Cumulative Volume Check
var float cumVol = 0.0
cumVol := na(volume) ? cumVol : cumVol + volume
if barstate.islast and cumVol == 0
runtime.error("The data vendor doesn't provide volume data for this
symbol.")
// Plot real-time dots on chart median
plotshape(series=CHARTCANDLEMEDIAN, location=location.absolute,
color=color.blue, style=shape.circle, size=size.small, title="Chart
Median Dot")
// Plot real-time triangles on hollow chart median
plotshape(series=VOLUMECANDLEMEDIAN, location=location.absolute,
color=color.purple, style=shape.triangleup, size=size.small,
title="Hollow Chart Median Triangle")
