Artharjan Volume Analysis

23 jun 2022

Hi,

I have created Artharjan Volume Analysis indicator dashboard which gives following information about the volume to the traders.
It has two rows. The first row containing volume information is for the Daily Timeframe and the second row containing volume information for any other timeframe of your choice (Basically Chart timeframe)

It gives following information about volume to the traders.
1] Current Volume in Lakhs (Not in Millions) since this script was made keeping in mind Volumes of the Scripts traded in Indian Stock Exchanges. 1 Lakh = 1,00,000
2] Change from its previous Volume. If the change is positive it will be highlighted in Green else in Red.
3] 25 period SMA of the Volume (This period is a Long Term Moving Average and its a customizable parameter which can be changed in Indicator Settings)
4] Current Volume as a percentage of Long term SMA( Volume). If the percentage is positive it will be highlighted in Green else in Red.
5] High Volume during the Lookback period
6] Low Volume during the Lookback period
7] Is current Volume equal to Min Level or Max Level? Or its between Min Max Levels.
8] Is the current Volume rising over past 5 candles or is it falling over past 5 candles or its Swinging? (Short Term Period which is a customizable parameter and it can be changed in the Indicator Settings)
9] Current Volume as a percentage of Short term SMA( Volume). If the percentage is positive it will be highlighted in Green else in Red.

The 1st row will be shown only when the Chart Timeframe is a Daily Timeframe.
The 1st and the 2nd row will be shown only when the Chart Timeframe is not a Daily Timeframe.

With this information regarding volume, traders can identify whether the current volume is at its Highest Levels or at its Lowest Levels, can identify whether volume is rising or volume is falling in accordance to the price action and then take trading decisions.

I hope you would enjoy using this indicator in your day to day trading journey.
Regards
Rahul Desai
@Artharjan.

4 sept 2022

Notas de prensa

Updated existing indicator to add some Background color and print Diamond shape below Daily Candle and Square Box below intraday candle where Volume has crossed MAX volume of previous lookback preiod.

6 mar

Notas de prensa

Hi,

Updated the indicator to highlight All Time High Volume on the Chart and also that candle where the current day's volume has crossed above cumulative volume of previous month.

Hope this will help traders to identify the crucial zones of support and resistances based on volume and price action.

Regards
Rrahul Desai
Artharjan