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PINE LIBRARY

[VWMA] Net Volume Library

By TheKaoticS
Updated
Library "[VWMA] Net Volume Library"
TODO: The underlying logic and function that calculates the net volume for the [VWMA] Net Volume indicator. Exposes the nv function and nvPoint fields for use.

nv(src, length, useVwma, offset, sigma, multHigh, multMed, multLow)
  Parameters:
    src: (float) The source price value
    length: (int) The lookback length
    useVwma: (bool) To use VWMA in the calculation or not
    offset: (float) The ALMA offset value
    sigma: (int) The ALMA sigma value
    multHigh: (float) The multiplier high band
    multMed: (float) The multiplier medium band
    multLow: (float) The multiplier low band
  Returns: Returns the calculated net volume for each band in an nvPoint object

nvPoint
  Fields:
    h2
    h1
    h
    n
    l
    l1
    l2
Release Notes
Publish #2

  • Exposed getBandColor to allow same band coloring as Indicator
  • Added nvPoint type documentation


Added:
getBandColor(value, transp, negative, positive)
  Gets the band color based on a positive or negative alma value
  Parameters:
    value: (float) The value to pass in to check against
    transp: (int) The transparency value. Ex: 0 = solid, 100 = fully opaque
    negative: (color) The color to show when result is below but not equal to 0
    positive: (color) The color to show when result is above but not equal to 0
  Returns: (color) The color that matches the result of being above or below 0

Updated:
nvPoint
  Contains 7 bands of net volume data points
  Fields:
    h2
    h1
    h
    n
    l
    l1
    l2
Release Notes
v3

Updated exported method positions in code
Release Notes
Updated formatting for library method parameters
Release Notes
Revision: 5

Small formatting fix
Release Notes
Revision: 6

Formatting got out of whack again. Fixed.
Release Notes
v7

Added:
method getNv(src, length, useVwma)
  Namespace types: series float, simple float, input float, const float
  Parameters:
    src (float)
    length (int)
    useVwma (bool)
libraryMATHnetvolume

Pine library

In true TradingView spirit, the author has published this Pine code as an open-source library so that other Pine programmers from our community can reuse it. Cheers to the author! You may use this library privately or in other open-source publications, but reuse of this code in a publication is governed by House rules.

TheKaoticS

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