New Members: Be sure to confirm your email address by clicking on the link that was sent to your email inbox. You will not be able to post messages until you click that link.

Volume by Price

ZRSA1896
ZRSA1896 ✭
in Scanning
I would like to scan using volume by price but having a mental block on how to set up the scan. I would like to scan to identify voids in support and or resistance areas. Any ideas would be appreciated.

Comments

  • lmkwin
    lmkwin ✭✭
    This is from ChartSchool:

    There are four steps involved in the calculation.
    This example is based on closing prices and the default parameter setting (12).

    1. Find the high-low range for closing prices for the entire period.
    2. Divide this range by 12 to create 12 equal price zones.
    3. Total the amount of volume traded within each price zone.
    4. Divide the volume into positive volume and negative volume (optional).

    I don't see the option inside the Workbench Filters, so I'm guessing it's not doable inside the data engine.

  • ZRSA1896
    ZRSA1896 ✭
    Hmmmmm - Thank you.

    What I have in mind just might work. I appreciate your response!

Categories