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Volume direction?

Hello, not sure what exactly this is called, but on ThinkOrSwim, when I add the VolumeAvg study, it shows the volume bars in either RED or GREEN. Assuming this is if there was more buying or selling?  Is there anyway to get this in quantconnect?  

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Hi!

My guess, looking at the screenshot, is that it simply paints the volume bars in the same colors as the candles - i.e. if the price has gone up on that bar, the volume bar is green as well. It would absolutely be possible to replicate that in QC - just check the candle corresponding to the volume and act according to whether it's green, white or red.

Although this is not an unreasonable approximation, it is not always the case that a higher price during a bar means more buying has occurred. Volume does not, by itself, contain any information as to its "direction".

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The material on this website is provided for informational purposes only and does not constitute an offer to sell, a solicitation to buy, or a recommendation or endorsement for any security or strategy, nor does it constitute an offer to provide investment advisory services by QuantConnect. In addition, the material offers no opinion with respect to the suitability of any security or specific investment. QuantConnect makes no guarantees as to the accuracy or completeness of the views expressed in the website. The views are subject to change, and may have become unreliable for various reasons, including changes in market conditions or economic circumstances. All investments involve risk, including loss of principal. You should consult with an investment professional before making any investment decisions.


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