JulyVibes

Volume per Point

Hello everyone <3

I present to you guys my new indicator Volume per Point (VP)

As suggested by the title, this script gives you the volume for every point.
Here's a run down on specific features:

SUBCHART COLUMNS:
The columns can be the following four colors:
Green - There was an increase in VP
Red - There was a decrease in VP
Yellow - There was divergence between volume and candle range
Purple - There are signs of exhaustion compared to the previous candlestick

SUBCHART HISTOGRAM:
The histogram can be the following two colors:
Lime - Buying volume
Red - Selling volume

I left you guys the ability to change the multiplier on the volume in settings just incase it's too small or too big compared to the VP. Decimals are allowed!

CANDLESTICK CHART:
The candlesticks can the following two colors:
Yellow - There was a divergence between volume and candle range
Purple - There are signs of exhaustion compared to the previous candlestick

FILTERS
In the settings, you're able to add the following two filters:
RSI Filters - RSI must be below or above the specified value for the divergence or exhaustion to trigger
Percent Filters - The candlestick range or volume must be higher or lower than the specified value depending whether it's divergence or exhaustion.

This is a very helpful tool if you're interesting in reading volume . It also facilitates finding market maker activity depending on the size of the VP. Sudden abnormal spikes in VP usually do signal something and that's up for you to figure out :)

Thank you for your time to read this
~July <3
Versionshinweise: Changes:

  • By default, volume is now disabled
  • Now adds a red dot to the subchart column if there it detects an abnormal spike

You can re-enable volume and change the tolerance level for abnormal spikes via the "Multipliers" section in the settings :)
Open-source Skript

Ganz im Sinne von TradingView hat der Autor dieses Skripts es als Open-Source veröffentlicht, damit Trader es verstehen und überprüfen können. Ein Hoch auf den Autor! Sie können es kostenlos verwenden, aber die Wiederverwendung dieses Codes in einer Publikation unterliegt den Hausregeln. Sie können das Skript den Favoriten hinzufügen, um es auf dem Chart zu verwenden.

Möchten Sie dieses Skript auf einem Chart verwenden?