VOLUME VS CANDLE identify

[Ontrade]

Hello friends, how do I identify in fxdreema the largest volume in the volume indicator and the candle that corresponds to this particular volume?

Obtaining this information I will take the maximum and minimum of this candle to build my strategy.

[l'andorrà]

@ontrade It is not a trivial thing to do. You need to create a variable to store the value of the highest volum value, but that will be a dynamic one. For example is candle ID 1's value higher than candle ID 2's? and candle ID 3's? Then you will need another variable to store the value of prices and compare them.

Do you have an initial project to begin with?

[Ontrade]

@l-andorrà I don't have an initial project, but I wanted to obtain this value, it could be for a period of candles, for example, analyzing the candle that had more volume in the period of the last 30 candles would help a lot.

[l'andorrà]

@ontrade Ok. Are you using a custom indocator to get that value? If so, can you please share it here?

[Ontrade]

@l-andorrà no i don't have any indicator, i use the metatrader 5 volume which is native indicator.

[Ontrade]

@l-andorrà @roar @fabiobioware

what i want is to find out which candle in the chart, for example in the period of the last 50 candles had the highest volume of ticks, or financial.
have one example for this?

[roar]

@ontrade This system records max volume and its candle ID in variables:
https://fxdreema.com/shared/yweN2X0ad

However, I would myself forget about the volumes and arbitrary 50 candles period, and simply use 1-candle ATR relative to 144-candle ATR. When the ratio 1-ATR / 144-ATR is more than, say, 3, you got the big candle. No need to loop back 50 candles.

[Ontrade]

@roar said in VOLUME VS CANDLE identify:

@ontrade This system records max volume and its candle ID in variables:
https://fxdreema.com/shared/yweN2X0ad
However, I would myself forget about the volumes and arbitrary 50 candles period, and simply use 1-candle ATR relative to 144-candle ATR. When the ratio 1-ATR / 144-ATR is more than, say, 3, you got the big candle. No need to loop back 50 candles.

Hello @roar thanks for help me.
I tried to put a line to identify the candle with more volume but it didn't work.
Can you help me?

Let me explain in more detail what I’m looking to do:
I want to obtain the candle with the highest volume and identify the maximum and minimum of it in this candle, I will use this maximum and minimum to place a fibonnaci based on this particular candle and see if the price is within the fibonacci.

Can you help me do this?
https://fxdreema.com/shared/NCzhKUi8d

[roar]

@ontrade
https://fxdreema.com/shared/oWtukx8sb

[Ontrade]

@roar https://fxdreema.com/shared/SQPkF5d0c

I think I now got what I needed.
Now I need to make it identify only the candles with the highest volume that are working inside the fibo.
When he chooses the candle, he will place level 0 at the minimum of the candle and level 100 at the maximum of the candle.
I also need to include these levels of negative fibonnación in the fibonnacci of fxdreema.
Can you help me do this?
I am not understanding how to add these levels or how to force levels 0 and 100 to be fixed at the maximum and minimum of the candle.

[Ontrade]

@roar how can i create these negative levels within the same fiber that was designed by fxdreema?

my project updated.

[Ontrade]

@roar and @l-andorrà Hello friends, I got everything I needed, thank you very much for your help;

[l'andorrà]

@ontrade You're welcome.

[Ontrade]

@roar Hello, you can help me?
I am using this particular volume candle to use in my trading rules and it is working very well, but sometimes this candle has to be discarded and another candle has to be chosen, this happens when the chosen candle is too far away the current price.

For example in the image below, we have the volumes that I marked in blue 0, 1 and 2
I wanted to always select the volume that the corresponding candle was closest to the current price level. In the case of the image, the volume that corresponds to the candle I marked with the number 1 was chosen.

How can I include this in my rules?

[Ontrade]

@roar and @l-andorrà Another help I need is on how to correctly create rules to allow open trades.

For example:
When the previous candle crosses above the 61.8 fibonnacci level, a purchase must be opened immediately.
When the previous candle crosses below the level of fibonacci -61.8 a sale must be opened immediately.

How can I do to create this buy and sell rule?

[Ontrade]

@roar and @l-andorrà Another question I have is whether I am drawing fibonnacci with my levels correctly.
I put the values inside the field as shown in the image.

for example, if I am going to place the standard levels is it correct to put the values 0.23.6,38.2,50,61.8,100?
Or is it necessary to add something else so that the fibonnacci is drawn correctly on the graph?
Doing this way in any timeframe will Fibonnaci adjust and be right in the graphics of any asset?
Note: My question is because I thought it was very expressed, little.

[l'andorrà]

@ontrade Honestñy, I never used the Fibo drawing block in fxDReema, so I have no idea if it works that or any other way. Have you tested it? What visual results do you get?

[Ontrade]

@roar
Hello friend, remember that you helped me locate the candle that corresponds to the largest volume?
It worked very well, but now I'm looking for something maybe a little more difficult, can you help me?

1. I want to find all the candles that correspond to the highest volumes in the period of the last 50 candles.
2. When I locate all these candles, I want to identify which are high candles and which are low candles, maybe put a color to differentiate this.
3. After this identification, I want to draw lines in the color "Blue" in the maxims of the candles in Alta, and draw lines in color "Red" in the minimums of the candles in Baixa.
   Can you help me with an example project?

[Ontrade]

@roar note that in the image I manually traced the lines on the tops and bottoms of the candles where it was possible to identify the performance of major players defending their positions, many times the price touched these resistance and supports formed.

[l'andorrà]

You need a loop looking backwards. This is roar's field of expertise! Here you will find an excellent example that can be useful for you.

https://fxdreema.com/forum/topic/10610/how-to-set-check-a-time-stamp-or-candle-id/20