spacetrader

[ST] Volume Flow v6

Latest update to the volume flow indicator. It calculates volume fraction up and down based on candle shape: body counts twice one way, wicks count both ways. Total volume (positive + negative) is the regular volume . Additionally, I added breakout detection, oscillator, colored candles for easy trend following, reversal warnings, high and low volume alarms. Every aspect uses volume for calculations.

What some parts mean : http://i.imgur.com/nZu9rbe.png

Hope this helps someone, I use it myself as signals for confirmations. Tips are cool, but saying thanks is plenty as well :)
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.

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