Disclaimer
Analysis Techniques & Strategies
| Name | Expression | Default | Description |
| BlockSize | Numeric | 1000 | Volume divisor used to determine the number of cells to add (width of the real body). |
| MaxNumCells | Numeric | 100 | Maximum number of cells to add (maximum width of the real body). |
| UpColor | Numeric | Cyan | Line color used to represent bullish candle (Close > Open). |
| DnColor | Numeric | Red | Line color used to represent bearish candle (Close < Open). |
The Candlestick Volume Accumulation ActivityBar study simultaneously displays candlestick price direction (real body) and relative volume for each bar. Color within each bar indicates whether the candle is bullish or bearish; an ActivityZone in the range of the real bodyis used to display the relative volume of each bar. You can apply this study to a bar chart or candlestick chart.
Candlestick price direction (real body) - Color is determined by whether the closing price of the bar is above or below the open price. When the close is above the open price, the portion of the bar between the open and the close displays the color specified by the UpColor input. When the closing price of the bar is below the open price the portion of the bar between the open and the close displays in the color specified by the DnColor input. When the close equals the open, there is no coloring. You can change these colors using the inputs UpColor and DnColor colors.
Volume - The BlockSize input is applied to the volume of the ActivityBar. The volume is represented by the width of the ActivityZone (real body) on the candlestick. The zone widens incrementally for each multiple of the BlockSize in the bar's volume. If volume does not equal at least one BlockSize a zone will not appear.
By default, no alert criteria are included in this ActivityBar study.