Color candle when high volume candle is in range of VWAP

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Hello Hahn,

I wanted to know if you could create a chart indicator that colors price candles yellow under these conditions.

  1. When the close>open (green)
  2. The candle must be above the VWAP
  3. The current candle volume is equal or greater than 50k
  4. The current bar must have relative volume >2
  5. The open price of the current candle must be within 30 cent of the VWAP price (not overextended)

 

This chart study will be primarily used and tested on the 1 minute chart. I really appreciate all the help. I removed the RVI condition as i have determined based on the code that the same market conditions can be replicated with less code with the conditions above.

 

Thank you

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Posted by (Questions: 22, Answers: 63)
Asked on November 15, 2018 1:40 pm
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This request is too complex for something we would provide a no charge in our Q&A forum. Feel free to review our rates and other details about submitting a custom project request: https://www.hahn-tech.com/about/

 

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Posted by (Questions: 37, Answers: 4118)
Answered on November 15, 2018 2:30 pm
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submitted

( at November 15, 2018 11:50 pm)
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After taking some time to reflect. This request is much to complicated and way too niche.

To keep it easy, here are the conditions.
1. If the open of the current candle is more than 30 cent way from the VWAP. Color the candle black
2. The candle must be green a green candle with a relative volume> 2
3. The candle must be above the VWAP.

( at November 16, 2018 3:03 am)
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