This Volume Effectiveness indicator is designed to allow users to try and identify how effective volume is on each candle, and smoothing those values over time to try to find trends.
Volume Effectiveness is the % change in price for each single unit of volume on the associated candle. The value can be positive or negative, but there is an option to just monitor...
![XBTUSD: Volume Effectiveness [BigBitsIO]](https://s3.tradingview.com/k/k2PmrWHc_mid.png "Volume Effectiveness [BigBitsIO]")
