TTP Volume in BTC

This indicator shows you the volume of the last 24 hours of the current asset converted into BTC

The classic way to measure volume is by the base units of the asset itself being bought and sold in the selected timeframe. When trading crypto with bots it can be useful to filter out which assets/altcoins to trade by analysing the 24 hours-volume of the asset converted into Bitcoin instead of in the asset itself. By using Volume in BTC as a reference between assets you can rate and identify key levels of volume using the same reference and identify if an assets has enough liquidity for your personal requirements. You can also ensure assets are only traded when the volume is above your set threshold if you set this in your bots.

The volume is measured from the sum of the last 24 hourly closed candles multiplied with the average price during this period → 24h Vol * VWMA (Volume Weighted Moving Average).

What it does?

• Measures the asset volume for the last 24 hrs converted to BTC
  
• Regardless of chart timeframe it always shows you the last 24 hrs volume
  
• Does not repaint, it uses only confirmed data by candle close
  
• Shows the latest 24 hours of volume in BTC counted from the bar
  
• Shows the latest 24 hours volume in BTC and USD as a label on the latest bar
  
• It is color coded to show when it’s above or below your threshold visually
  

How to use it?

• Use the Volume Threshold to identify periods when the volume is above or below your threshold
  
• Set alerts to get alerted when the volume crosses your threshold in either direction
  

Versionshinweise:

This update:

• Added Moving Average
  
• Added alert conditions crossing above/below Moving Average
  
• Added display options to show label/table
  
• Added a warning if timeframe is above 1D
  
• Fixed issues with BTC pairs
  

Versionshinweise:

This update:

• Added backtester signal (plots 1 for periods above threshold)
  
• Changed display from columns to area fill for a cleaner layout
  

Versionshinweise:

This update:

• Fixed issue when volume type is quote
  

Versionshinweise:

This update:
Added option to select Volume Type: Auto, Quote, Base
Added display option: Troubleshooting view