This is a volume indicator that splits purchases and sales into 2 separate columns.
In addition, I added some POW factors to scale the volume to a more compact or expanded picture.
The SMA draws the red line indicating the volume of purchases and sales, also with POW factor customizable, so it is possible to scale it within the volume bars
what to do with this information: it is very easy to find rotation points when the selling volume and the buying volume are equal, this is where possible rotation phases occur
Volume Compressor added to the script thx gorx1 for the math
Notas de Lançamento
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extension with "in candle delta" addition of a dev-cloud changed standard colors from color.rgb(000, 255, 255, 000) and color.rgb(255, 255, 000, 000) to color.rgb(000, 255, 000, 000) and color.rgb(255, 000, 000, 000)
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cleanup pass
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Vector-Candle coloring and Ui cleanup
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typo...
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Code cleanup and sorting the options into a more organiced way
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middleline color selectable and moved in the background behind all plots
@AleksiPet, first you have to code the alarm conditions: As i use this indicator for manual trading its at the moment a optical detection by the user.
as the sourcecode is provided, you a free to go and define alarms, may share if finished.
As a first Idea you can search for maximum distribution to buy/sell additional with a necesarry rise in volume... BUT you still dont see the direction out of that signal, as Volume only gives you point´s of interest...
djmad
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@AleksiPet, ta-night wizard, profitview, 3commas are my currently used Bots for exchange execution
@thomsonraja, search for simultane wicks in both directions, thats a "rotation point" which may tells you a change of direction or a mid-point of a swing
As i use this indicator for manual trading its at the moment a optical detection by the user.
as the sourcecode is provided, you a free to go and define alarms, may share if finished.
As a first Idea you can search for maximum distribution to buy/sell additional with a necesarry rise in volume... BUT you still dont see the direction out of that signal, as Volume only gives you point´s of interest...