EvoCrypto

Ranged Volume - evo

A simple script that shows mirrored regular volume bars with the purpose to show break-outs and low volume ranges, using highest and lowest of a few bars back.

Use Heikin Ashi function to smooth the colors with the trend.
Release Notes: - Added alerts
- Separated break out colors
- Added bar colors
- Changed default range to 5 (a good setting to see how strong the trend is)
Remove from Favorite Scripts Add to Favorite Scripts

Comments

May i know... how to use it....? Tq
+1 Reply
@MrMama, It is just like regular volume, only here you can see volume spikes and the range of how big volume is. So if the range gets smaller while the trend still continues it might be very weak.. Its not really a buy and sell indicator but you can look to follow the direction of the break out. Everyone would need to do their own research what settings work on their time frame and assets. I think its best used with another (trend)indicator and use this as confirmation and strength.
Reply
Strategy version:
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out