Volume can help confirm signals we might discover using other methods of technical analysis.
This indicator tracks volume intelligently. Its logic spots above-average turnover and then tests against the price change. BrkVol highlights sessions with heavy volume and directional moves. This can help take out the noise and help confirm the trend.
Tesla is a classic example of this, with the after showing heavy-volume gains on October 24- 25, December 16 and January 8.
this script has errors
showMA = input(true, title = "Show Moving Avg")
volmalen = input(20, title = "Avg Length")
volmult = input(2, title = "Avg Multiplier")
the input key word is not being used correctly
Error:
Colon(:) expected here
I looked at the documentation and the input key word has to be used like this
input: variable(value)
confidentDinos55578
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Good indicator, Suggestion to the develoer, it could be helpful if the volume of current candle could be rated based on the time have transcurred on the time Example it just happened just a few minutes ago: Time Frame 1hr in 30 minutes the Volume is 90K that is the same volume that prior candle has in 1 completed hour. this would mean the volume has increase 100% compared with prior period.