OPEN-SOURCE SCRIPT
Bogdan Ciocoiu - Makaveli
Description
This indicator integrates the functionality of multiple volume price analysis algorithms whilst aligning their scales to fit in a single chart.
Having such indicators loaded enables traders to take advantage of potential divergences between the price action and volume related volatility.
Users will have to enable or disable alternative algorithms depending on their choice.
Uniqueness
This indicator is unique because it combines multiple algorithm-specific two-volume analyses with price volatility.
This indicator is also unique because it amends different algorithms to show output on a similar scale enabling traders to observe various volume-analysis tools simultaneously whilst allocating different colour codes.
Open source re-use
This indicator utilises the following open-source scripts:
This indicator integrates the functionality of multiple volume price analysis algorithms whilst aligning their scales to fit in a single chart.
Having such indicators loaded enables traders to take advantage of potential divergences between the price action and volume related volatility.
Users will have to enable or disable alternative algorithms depending on their choice.
Uniqueness
This indicator is unique because it combines multiple algorithm-specific two-volume analyses with price volatility.
This indicator is also unique because it amends different algorithms to show output on a similar scale enabling traders to observe various volume-analysis tools simultaneously whilst allocating different colour codes.
Open source re-use
This indicator utilises the following open-source scripts:
Open-source script
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 publication is governed by House rules. You can favorite it to use it on a chart.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.