DepthHouse Volume Extension uses average calculations to determine the dynamic range which the volume travels through. Any spike above the line represents an over extension in average volume .
The colored bars are then calculated in a similar way, which measures a combination of both price and volume action to determine bull & bear exhaustion levels, and possible entry/exit points for big players.
This indicator is 100% free, so if you benefit from using it, please consider supporting me by checking out the several other indicators available on my page :)
The colored bars are then calculated in a similar way, which measures a combination of both price and volume action to determine bull & bear exhaustion levels, and possible entry/exit points for big players.
This indicator is 100% free, so if you benefit from using it, please consider supporting me by checking out the several other indicators available on my page :)
Versionshinweise:
fixed extension reading lag
⇅ DepthHouse Trading Indicators ⇅
▫ Professional tools created for the TradingView Platform
▫ 14 Day Trials Available!
▫ Give me feedback!
https://depthhouse.com/
▫ Professional tools created for the TradingView Platform
▫ 14 Day Trials Available!
▫ Give me feedback!
https://depthhouse.com/
