PROTECTED SOURCE SCRIPT
Actualizado [g8] Volume Observer Basic
A simple indicator to highlight surges and drops in recent average volume with custom settings and alerts.
How to interpret the signals: A white signal indicates a surge in recent average volume, meaning we expect a probable move in the direction of the highlighted candle. A gray signal is the opposite: a drop in volume suggesting the current move is losing momentum and may be nearing it's conclusion. Keep in mind that a surge does not always mean bullishness and a drop does not always mean a drop in price is coming, but rather view these signals as the market's interest in continuing or ending the current move.
I made this indicator because I'm terrible at interpreting regular volume bars. I hope you find it useful.
How to interpret the signals: A white signal indicates a surge in recent average volume, meaning we expect a probable move in the direction of the highlighted candle. A gray signal is the opposite: a drop in volume suggesting the current move is losing momentum and may be nearing it's conclusion. Keep in mind that a surge does not always mean bullishness and a drop does not always mean a drop in price is coming, but rather view these signals as the market's interest in continuing or ending the current move.
I made this indicator because I'm terrible at interpreting regular volume bars. I hope you find it useful.
Notas de prensa
A shorter period average volume is compared to a longer period average volume. When the shorter average rises above the longer average, a spike signal (white) is produced. When that comparison shows a drop in relative volume, a drop signal (gray) is produced. Script protegido
Este script se publica como código cerrado. Sin embargo, puede utilizarlo libremente y sin limitaciones: obtenga más información aquí.
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.
Script protegido
Este script se publica como código cerrado. Sin embargo, puede utilizarlo libremente y sin limitaciones: obtenga más información aquí.
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.