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PROTECTED SOURCE SCRIPT

Index Volume

By Amphibiantrading
Updated
This indicator displays the volume for the Nasdaq Composite and S&P500 indexes just like any other stock. Also displays any normal stock volume as well. Customizations include choice of colors and moving average length.
Release Notes
New option to automatically plot a diamond on follow through and distribution days. Also have the ability to show distribution clusters. (4 distribution days in a rolling 8 day window)
Release Notes
Cleaned up the status line display to only show Volume and Volume Average
Release Notes
Added ability for volatility adjusted follow through days, as defined in IBD's Market School.

  • Volatility defined as the average percentage gain of the up days over the prior 200 days.
    
  • Volatility less than or equal to 0.4%, follow-through must close up 0.7% or higher.
  • Volatility greater than or equal to 0.4% and less than 0.55%, follow-through must close up 0.85% or higher.
  • Volatility greater than or equal to 0.55% and less than 1.00%, follow-through must close up 1.00% or higher.
  • Volatility greater than or equal to 1.00%, follow-through must close up 1.245% or higher.

Release Notes
Updated volume source for the indexes, should update in real time now.
Release Notes
Update shows volume run rate on stocks.
ddaydistributiondaysdistrubutionfollowthroughdayibdindexvolumemarketschoolVolumewebby

Protected script

This script is published closed-source and you may privately use it freely.

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Amphibiantrading
Trusted Pine programmer. Send me a message for script development.
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