OPEN-SOURCE SCRIPT

Smart Volume

Updated
Out of beta!

This script distinguishes up/down volume based on lower resolution.

It's important to set correct input "Detailed Resolution" — it affects detalization/loading speed. If equal to chart resolution, should match builtin "volume". The lower it is, the more detalized up/down border.
Release Notes
  • added `lookahead=true`, because sum was one bar off,
  • rewrite slow loop, 100ms error should disappear.
Release Notes
`lookahead=false` was correct. But there may still be some weird bug in some cases.
Release Notes
  • added another style of border between up and down volume (PlusMinus),
  • fixed some errors (mismatches in volume), like on the first bar of the day,
  • added option to autofix or highlight any mismatches in volume,
  • show separate up/down sma's and removed input 'show ma', use styles if needed.
Release Notes
Added style type: delta. up-down.
profilesmartVolume IndicatorVolume ProfileVolumevp

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.

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