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It allows a user defined volume histogram inser into your price pane.
Many traders may find it useful by conserving real estate on the chart
windows. I've work with it but can't figure how to overlay a user
defined simple moving average over the volume, some may agree this
would also be very useful.
__SECTION_BEGIN("Corrected Height of Volume Bars");
PlotVOL = ParamToggle( "plot Volume?","No| Yes",0);
VolColor = (C>O OR (C==O AND (H-C)<=(C-L)))*ParamColor ("VUpColor"
,colorGreen) +
(C<O OR (C==O AND (H-C)>(C-L)))*ParamColor( "VDnColor"
,colorRed) ;
VolScale = Param("1/Vol. Height (TimeBar chart)(fraction of window)
5=1/5=20%",5, 2, 100, 1.0) ; // Timebars
if (PlotVOL >0)
{
Vheight = VolScale;
Plot(Prec(Volume ,0),"V",VolColor, styleNoTitle| styleOwnScale|
styleThick| ParamStyle( "VStyle", styleHistogram,
maskHistogram) ,Vheight );
}
_SECTION_END();
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