Candle Size vs Volume

Bitcoin / U.S. dollarBitstamp

Descrição

⋅ 22 de Jul de 2020 08:53

Basic script that sees where absorption maybe occurring by looking at the volume of the last 4 candles relative to the distance of their range.

Volume absorption

Comentários

andit1991

⋅ 21 de Jan de 2022 16:44

how to use?

Btc_y_tho

⋅ 3 de Ago de 2022 14:48

@andit1991, large volume in a small trading range suggests accumulation or distribution is occurring. This will be seen by a large spike on the indicator, it's up to you to figure out if it is accumulation or distribution

dudebruhwhoa

⋅ 15 de Ago de 2020 16:58

Nice work y tho!

Btc_y_tho

⋅ 22 de Jul de 2020 09:38

This script seems to work best on coinbase BTCUSD by the way!

nagihatoum

⋅ 22 de Jul de 2020 08:57

divs work good on it.

Btc_y_tho

⋅ 22 de Jul de 2020 09:21

@nagihatoum, ah nice.I didn't even think to check. The indicator seems to work better on coinbase btcusd btw.

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