OPEN-SOURCE SCRIPT
Net Volume [SpeedBot]
Net Volume [SpeedBot] Indicator
The Net Volume [SpeedBot] indicator provides an insightful view into market activity by calculating and displaying the Net Volume (delta) from up and down volume data, which is key for traders to gauge the strength of market movements.
Key Features:
Net Volume Calculation: The indicator calculates the difference between up and down volume, giving traders a visual representation of buying vs. selling pressure.
Customizable Timeframe: You can adjust the timeframe for volume analysis using custom time settings or default options, helping you get a clearer picture based on your preferred time window.
Visual Indicators: The histogram visually represents the Net Volume, with positive values (indicating buying pressure) shown in green and negative values (indicating selling pressure) in red. The Zero Line is plotted as a reference to distinguish between buying and selling volume dominance.
Flexible Plotting Styles: By default, the Net Volume is shown as a histogram for clear visibility, making it easy to spot shifts in volume momentum.
Error Handling: The indicator checks for the presence of volume data from the data provider, ensuring that the script works only when valid data is available.
How to Use:
Bullish Signals: When the Net Volume is positive (green bars), it suggests increasing buying activity, indicating bullish momentum.
Bearish Signals: When the Net Volume is negative (red bars), it suggests increasing selling activity, indicating bearish momentum.
Zero Line: The Zero Line (dashed line) helps identify periods where the market is balanced between buying and selling volume.
This indicator is useful for traders looking to analyze volume dynamics and understand the strength of price movements. It can be applied across various market conditions and timeframes, making it an excellent addition to any trading strategy.
The Net Volume [SpeedBot] indicator provides an insightful view into market activity by calculating and displaying the Net Volume (delta) from up and down volume data, which is key for traders to gauge the strength of market movements.
Key Features:
Net Volume Calculation: The indicator calculates the difference between up and down volume, giving traders a visual representation of buying vs. selling pressure.
Customizable Timeframe: You can adjust the timeframe for volume analysis using custom time settings or default options, helping you get a clearer picture based on your preferred time window.
Visual Indicators: The histogram visually represents the Net Volume, with positive values (indicating buying pressure) shown in green and negative values (indicating selling pressure) in red. The Zero Line is plotted as a reference to distinguish between buying and selling volume dominance.
Flexible Plotting Styles: By default, the Net Volume is shown as a histogram for clear visibility, making it easy to spot shifts in volume momentum.
Error Handling: The indicator checks for the presence of volume data from the data provider, ensuring that the script works only when valid data is available.
How to Use:
Bullish Signals: When the Net Volume is positive (green bars), it suggests increasing buying activity, indicating bullish momentum.
Bearish Signals: When the Net Volume is negative (red bars), it suggests increasing selling activity, indicating bearish momentum.
Zero Line: The Zero Line (dashed line) helps identify periods where the market is balanced between buying and selling volume.
This indicator is useful for traders looking to analyze volume dynamics and understand the strength of price movements. It can be applied across various market conditions and timeframes, making it an excellent addition to any trading strategy.
Script de código aberto
No verdadeiro espírito do TradingView, o autor desse script o publicou como código aberto, para que os traders possam compreendê-lo e analisá-lo. Parabéns ao autor! Você pode usá-lo gratuitamente, mas a reutilização desse código em publicações é regida pelas Regras da Casa. Você pode favoritá-lo para usá-lo em um gráfico.
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Aviso legal
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