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VolumeClouds

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Volatility Trend Analysis Volume cloud
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volatility trendanalysis volumestudies cloud
FDX

Volume clouds is a unique tragedy that predicts trend strength with normalized price and volume data, this allows us to quickly respond to small price movements than a traditional EMA cloud stragedy.

How to use:
1. Figure out overall trend direction using color of cloud, green -> bullish & red -> bearish
2. Figure out volume growth and decay using shape of clouds -> Wide cloud? LOTS of volume & Shrinking cloud? volume dying & trend reversal
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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.

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