Relative Volume Bars / Moving Average — Indicator by OasisTrading

trendanalysis volumestudies movingaverage relativevolume volume_analysis trend_trading btc oasistrading xbtusd

This indicator is highly experimental and settings are meant to be adapted to your time frame and asset of choice.

This indicator is a moving average that focuses on relative volume instead of all volume. It only factors in prices of candles that are meeting your relative volume input.

The multipliers can be used to smooth your average towards buy side or sell side or keep them the same.

I have also added in averages for buy side only and sell side only, these are highly experimental and turned off by default. Feel free to play with them.

This indicator is free to all Oasis Trading Group Members.

For Access or Questions Please Private Message Us, Thank you.

Website

oasistrading.io

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Invite-only script

Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact OasisTrading for more information, or follow the author's instructions below.

TradingView does not suggest paying for a script and using it unless you 100% trust its author and understand how the script works. In many cases you can find a good open-source alternative for free in our Community Scripts.

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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