OPEN-SOURCE SCRIPT
Updated Baekdoo ANGN
Hi forks,
I'm trader Baekdoosan who trading Equity from South Korea. This Baekdoo ANGN indicator plot volume when large volume trading happened.
Assume that the large volume means higher than 1% of its marketcap amount. And adding ANGN (An-Na-Gan-Ni?, means "are you still there? in Korean")
line for upgrade version of On Balance Volume (OBV).
OBV is very good indicator but when it has long tail and short body, it can have wrong indication of buying or selling from big whales. So ANGN with large volume indicator combination would gives you better idea for the big brothers buying or selling tracker.
hope this will help your trading on equity as well as crypto. I didn't try it on futures. Best of luck all of you. Gazua~!
I'm trader Baekdoosan who trading Equity from South Korea. This Baekdoo ANGN indicator plot volume when large volume trading happened.
Assume that the large volume means higher than 1% of its marketcap amount. And adding ANGN (An-Na-Gan-Ni?, means "are you still there? in Korean")
line for upgrade version of On Balance Volume (OBV).
OBV is very good indicator but when it has long tail and short body, it can have wrong indication of buying or selling from big whales. So ANGN with large volume indicator combination would gives you better idea for the big brothers buying or selling tracker.
hope this will help your trading on equity as well as crypto. I didn't try it on futures. Best of luck all of you. Gazua~!
Release Notes
I put input on the volume bar which will shows certain amount of the money used. Default value would be 1% and you can modify based on your needs. For Tesla, for instance, has lots of volume trading these days. So 1% is not enough. it might be a good idea to have 5% or 10% for it. then you can see the trend changing by the volume. 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.