The DepthHouse Volume Flow Indicator is used to help determine trend direction, and possible reverals with calculations strictly based off of volume data.
A crossover of the moving averages is a possible signal for a trend change or retracement.
Trendlines may be drawn on the histogram, and moving averages to help spot possible breakouts, and/or divergences even sooner.
Be sure to check out all of my other indicators!
Changes from version 1:
Completely altered based calculation of moving averages.
Removed the standard volume bar option and the volume overflow option.
Replaced the options above with the histogram volume bars.
Since this update completely altered the way the original worked, I have posted this as an entirely new script.
Original Indicator:
A crossover of the moving averages is a possible signal for a trend change or retracement.
Trendlines may be drawn on the histogram, and moving averages to help spot possible breakouts, and/or divergences even sooner.
Be sure to check out all of my other indicators!
Changes from version 1:
Completely altered based calculation of moving averages.
Removed the standard volume bar option and the volume overflow option.
Replaced the options above with the histogram volume bars.
Since this update completely altered the way the original worked, I have posted this as an entirely new script.
Original Indicator:
Creator of DepthHouse Indicators on TradingView!
↣ depthhouse.com/
↣ depthhouse.com/