OPEN-SOURCE SCRIPT
Cumulative Volume vs Price Movement (by Andy)
This script uses cumulative volume and the opening / closing price of the current bar to determine potential shifts in trend.
Potential long positions are identified by the green squares, short positions by the maroon squares and the blue squares indicate insufficient data.
A custom alert can also be added on the indicator window to notify you of an impending shift.
Potential long positions are identified by the green squares, short positions by the maroon squares and the blue squares indicate insufficient data.
A custom alert can also be added on the indicator window to notify you of an impending shift.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.