PINE LIBRARY
Updated [VWMA] Net Volume Library

Library "[VWMA] Net Volume Library"
TODO: The underlying logic and function that calculates the net volume for the [VWMA] Net Volume indicator. Exposes the nv function and nvPoint fields for use.
nv(src, length, useVwma, offset, sigma, multHigh, multMed, multLow)
Parameters:
src: (float) The source price value
length: (int) The lookback length
useVwma: (bool) To use VWMA in the calculation or not
offset: (float) The ALMA offset value
sigma: (int) The ALMA sigma value
multHigh: (float) The multiplier high band
multMed: (float) The multiplier medium band
multLow: (float) The multiplier low band
Returns: Returns the calculated net volume for each band in an nvPoint object
nvPoint
Fields:
h2
h1
h
n
l
l1
l2
TODO: The underlying logic and function that calculates the net volume for the [VWMA] Net Volume indicator. Exposes the nv function and nvPoint fields for use.
nv(src, length, useVwma, offset, sigma, multHigh, multMed, multLow)
Parameters:
src: (float) The source price value
length: (int) The lookback length
useVwma: (bool) To use VWMA in the calculation or not
offset: (float) The ALMA offset value
sigma: (int) The ALMA sigma value
multHigh: (float) The multiplier high band
multMed: (float) The multiplier medium band
multLow: (float) The multiplier low band
Returns: Returns the calculated net volume for each band in an nvPoint object
nvPoint
Fields:
h2
h1
h
n
l
l1
l2
Release Notes
Publish #2- Exposed getBandColor to allow same band coloring as Indicator
- Added nvPoint type documentation
Added:
getBandColor(value, transp, negative, positive)
Gets the band color based on a positive or negative alma value
Parameters:
value: (float) The value to pass in to check against
transp: (int) The transparency value. Ex: 0 = solid, 100 = fully opaque
negative: (color) The color to show when result is below but not equal to 0
positive: (color) The color to show when result is above but not equal to 0
Returns: (color) The color that matches the result of being above or below 0
Updated:
nvPoint
Contains 7 bands of net volume data points
Fields:
h2
h1
h
n
l
l1
l2
Release Notes
v3Updated exported method positions in code
Release Notes
Updated formatting for library method parametersRelease Notes
Revision: 5Small formatting fix
Release Notes
Revision: 6Formatting got out of whack again. Fixed.
Release Notes
v7Added:
method getNv(src, length, useVwma)
Namespace types: series float, simple float, input float, const float
Parameters:
src (float)
length (int)
useVwma (bool)
Pine library
In true TradingView spirit, the author has published this Pine code as an open-source library so that other Pine programmers from our community can reuse it. Cheers to the author! You may use this library privately or in other open-source publications, but reuse of this code in publications is governed by House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Pine library
In true TradingView spirit, the author has published this Pine code as an open-source library so that other Pine programmers from our community can reuse it. Cheers to the author! You may use this library privately or in other open-source publications, but reuse of this code in publications is governed by House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.