Trading View recently added Volume Candles as an Option.
Volume candles provide very useful information in a very clear format.
I currently use Hollow Candles because they convey additional information over traditional candles and bar charts, specifically,
Hollow Candle color is determined by inter-day/period price movements, and intra-day price movements are depicted either Solid or Hollow.
Traditional Candle color is determined by intra-day/period price movement, and there is no indication of inter-day movement.
I would like to request that Trading View implement Volume Hollow Candles implemented.
I am hopeful that the additional code that was necessary to implement Volume Candles could be added to Hollow Candles to provide Hollow Volume Candles.
Even if it was relatively easy to do, it probably wouldn't happen unless there is significant member demand.
The primary purpose of this post is to garner member support for VHC.
I suspect that some members may not be aware of the advantages of Hollow Candles over Standard Candles. It took me a fair amount of effort to understand the difference, i.e., it wasn't obvious.
As part of this call to arms, I have documented my understanding of the differences, and I would recommend having a closer look at Hollow Candles if you not already done so.
Volume candles provide very useful information in a very clear format.
I currently use Hollow Candles because they convey additional information over traditional candles and bar charts, specifically,
Hollow Candle color is determined by inter-day/period price movements, and intra-day price movements are depicted either Solid or Hollow.
Traditional Candle color is determined by intra-day/period price movement, and there is no indication of inter-day movement.
I would like to request that Trading View implement Volume Hollow Candles implemented.
I am hopeful that the additional code that was necessary to implement Volume Candles could be added to Hollow Candles to provide Hollow Volume Candles.
Even if it was relatively easy to do, it probably wouldn't happen unless there is significant member demand.
The primary purpose of this post is to garner member support for VHC.
I suspect that some members may not be aware of the advantages of Hollow Candles over Standard Candles. It took me a fair amount of effort to understand the difference, i.e., it wasn't obvious.
As part of this call to arms, I have documented my understanding of the differences, and I would recommend having a closer look at Hollow Candles if you not already done so.
The chart displays
1. Hollow Candles
2. Candles is O,H,L,C * 0.9
3. Bars are 0.8 * ....
4, Line o=is 0.7 * Close