OPEN-SOURCE SCRIPT
Atualizado Best Volume Indicator - BTC
In order to make more sense of trading volume in crypto …
Based on the Better Volume Indicator (curtesy of Emini-Trading (emini-watch.com/free-stuff/volume-indicator/) and the TradingView Adaption by LazyBear (tradingview.com/v/LfVJhuir/).
My tweaks/adaptations:
- altered the calculation of low volume (c11) in the LB adaptation since it represents the original code better (in my opinion)
- takes volume of multiple exchanges into consideration
- added standard-deviation bands in order to identify peak amount of trading volume
- added three EMA's in order to assess the amount of trading volume even better
- changed the color coding of the original Better Volume Indicator (my preference)
volume climax up = green (instead of red)
volume climax down = red (instead of white)
low volume = yellow
churn = blue (instead of green)
climax + churn = purple
"normal" volume = gray (instead of cyan)
Based on the Better Volume Indicator (curtesy of Emini-Trading (emini-watch.com/free-stuff/volume-indicator/) and the TradingView Adaption by LazyBear (tradingview.com/v/LfVJhuir/).
My tweaks/adaptations:
- altered the calculation of low volume (c11) in the LB adaptation since it represents the original code better (in my opinion)
- takes volume of multiple exchanges into consideration
- added standard-deviation bands in order to identify peak amount of trading volume
- added three EMA's in order to assess the amount of trading volume even better
- changed the color coding of the original Better Volume Indicator (my preference)
volume climax up = green (instead of red)
volume climax down = red (instead of white)
low volume = yellow
churn = blue (instead of green)
climax + churn = purple
"normal" volume = gray (instead of cyan)
Notas de Lançamento
Adapted the Volume Sources;removed the "EnableBarColor" option
Script de código aberto
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publications is governed by House rules. Você pode favoritá-lo para usá-lo em um gráfico.
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