TradingView
rena4675
11 apr 2021 20:15

Best Volume Indicator - BTC 

Descrizione

In order to make more sense of trading volume in crypto …

Based on the Better Volume Indicator (curtesy of Emini-Trading (emini-watch.com/free-stuff/volume-indicator/) and the TradingView Adaption by LazyBear (tradingview.com/v/LfVJhuir/).

My tweaks/adaptations:
- altered the calculation of low volume (c11) in the LB adaptation since it represents the original code better (in my opinion)
- takes volume of multiple exchanges into consideration
- added standard-deviation bands in order to identify peak amount of trading volume
- added three EMA's in order to assess the amount of trading volume even better
- changed the color coding of the original Better Volume Indicator (my preference)
volume climax up = green (instead of red)
volume climax down = red (instead of white)
low volume = yellow
churn = blue (instead of green)
climax + churn = purple
"normal" volume = gray (instead of cyan)

Note di rilascio

Adapted the Volume Sources;
removed the "EnableBarColor" option
Commenti
Nahlawi
pls pls open source again nothing same this indicator !!
yas777een
useful indicator its help to increase the trade profitable , but dose not work any more
Nahlawi
hello
Has the indicator stopped working?
rena4675
@Nahlawi,
A volume source didn't work any more ... updated just now
tradebuddies
hi how can i find whether a volume is greater than or equal to volume ma? meaning: there is a moving average value within the volume bars.. i want to know whether the current candle has volume more than the average volume. thanks in advance
rena4675
@tradebuddies,
I unfortunately don't quite understand your question ... the plotted volume bars represent the actual average volume for the selected period and the various exponential moving averages represent the mean value over the selected number of periods. ... if the bar is e.g. higher than the EMA-line the volume is greater
Nahlawi
i mean i same label for one min frame make Different color some time work and some time no
rena4675
@OsmanJamalNahlawi,
The definition of the colors is inherit in the original code (pls see link to emini watch as stated above) for such deep details.
Nahlawi
How can I use the Double Bar?
Sometimes I don’t know how to move and work,
we shut down i make open in setting but not working :(
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