OPEN-SOURCE SCRIPT
Tick Volume Direction Indicator
Updated
Tick Volume Direction Indicator
This indicator captures:
• tick volume
• tick direction
The settings are as follows:
• volume or base currency value selection.
• label distance (away from the low of the candle).
• Tick volume - on/off switch for tick volume.
• label size.
• Up tick move color.
• tick move absorbed - when the tick doesn't change position.
• Down tick move.
On the first initial load, it will have the existing volume data as "?" as tradingview doesn't have a history of each tick.
Be aware, any settings change you make will refresh the tick data from start.
This indicator is one of the best real-time ways of seeing buying and selling pressure.
This indicator captures:
• tick volume
• tick direction
The settings are as follows:
• volume or base currency value selection.
• label distance (away from the low of the candle).
• Tick volume - on/off switch for tick volume.
• label size.
• Up tick move color.
• tick move absorbed - when the tick doesn't change position.
• Down tick move.
On the first initial load, it will have the existing volume data as "?" as tradingview doesn't have a history of each tick.
Be aware, any settings change you make will refresh the tick data from start.
This indicator is one of the best real-time ways of seeing buying and selling pressure.
Release Notes
label size works correctly.Release Notes
(fixed label size)Release Notes
fixed issue when changing timeframes.Release Notes
minor adjustment. You should not see any negative values.If you see any negative values. Let me know.
Release Notes
extended amount of labels that can be displayed.Release Notes
re-wrote the logic.Errors still might appear if you change timeframes frequently.
(you should not be seeing negative values, if you do then an error has occurred)
Based on how pine script operates with tick based data,
to avoid errors, it is advisable to:
• select your timeframe
• load the script
• adjust your settings
and leave it there for it to update.
If you need to change timeframes, it's advisable to repeat the steps.
Release Notes
added percentage increase/decrease.Release Notes
hopefully fixed crashing if anyone else was having crashing.Release Notes
rewrote the entire script.added some extra features like the on / off options for each text item. Fixed a previous error where it would fail to load due to missing data (hopefully).
added an option to use decimal places for the values when dealing with fractional volume or dollar value.
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.