Volume increase/decrease by an absolute value

user_19580679 0
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I have this code that creates long entries on either 24h volume increase or decrease by a percentage. Is there a way to adapt it so its for an absolute increase, e.g. when the volume increases by $1 million?

lower_tf = input('5', title='Lower Timeframe to Assess')        // <=== Input Time Frame and Bars (288 bars for 24hrs in 5mins time frame)
bars_in_tf = input(288, title='Bars of lower Timeframe') - 1    // <=== -1 because we count from zero in the loop

//Calculating 24hrs Volume
buying_volume(range_1) =>
    vol = float(na)
    for i = 0 to range_1 by 1
        if open[i] < close[i]
            vol := na(vol) ? volume[i] : vol + volume[i]
            vol
    vol
lower_buy_vol = request.security(syminfo.tickerid, lower_tf, buying_volume(bars_in_tf))
volbuy = volume / lower_buy_vol         // <=== Calculating percentage change with respect to 24hrs volume
longEntry = volbuy >= 0.03              // <=== Long Entry if Buy Volume increases by 3% or more - Change to whaterver value you want
shortEntry = volBuy <= -0.05            // <=== Long Entry if Buy Volume decreases by 5% or more - Change to whaterver value you want
pinescript-v5 pine-script
1 Answers

Instead of calculating the percentage, use the absolute value.

lower_buy_vol = request.security(syminfo.tickerid, lower_tf, buying_volume(bars_in_tf))
value = 1000000
longEntry = volume >= lower_buy_vol + value
shortEntry = volume <= lower_buy_vol - value
user_72096310
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