PROTECTED SOURCE SCRIPT
Relative Volume with Hull ma and Donchian channel
Aggiornato
A trader introduced the relative volume to me; I like the concept but its presentation doesn't fit my "visual" taste.
What I did was to color the relative volume bar based on the relationship among (1) hull moving average of the close (2) close vs. open and (3) the relative volume bar reading.
Red -> bearish price action with a lot of volume
Green -> bullish price action with a lot volume
Black -> no clear relationship between volume and price action.
I also added a Donchian channel to the relative volume to further gauge the strength of the relative volume.
All of my posts are for entertainment only.
What I did was to color the relative volume bar based on the relationship among (1) hull moving average of the close (2) close vs. open and (3) the relative volume bar reading.
Red -> bearish price action with a lot of volume
Green -> bullish price action with a lot volume
Black -> no clear relationship between volume and price action.
I also added a Donchian channel to the relative volume to further gauge the strength of the relative volume.
All of my posts are for entertainment only.
Note di rilascio
The purpose of this "relative volume" indicator is to easily visualize whether the volume flow supports with a price-action.To further enhance the visualization, I just shifted the main horizontal line using this code.
nVol = volume / Volume_Average * 100 -100
Script protetto
Questo script è pubblicato con codice protetto, ma puoi comunque usarlo gratuitamente. Mettendolo tra i preferiti potrai applicarlo al grafico, senza però la possibilità di visualizzare o modificare il codice sorgente.
Vuoi usare questo script sui tuoi grafici?
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