OPEN-SOURCE SCRIPT
Volume Direction Force Index v1 - VDFI [wm]
Essentially the same as TDFI. However, uses volume rather than price as the source data
Orig TDFI:
![Trend Direction Force Index v2 - TDFI [wm]](https://s3.tradingview.com/h/HUpIful1_mid.png)
- Above filter high indicates increase in volume
- Above filter low indicates drop off in volume
Orig TDFI:
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.