OPEN-SOURCE SCRIPT
TKP Volume Slope Bar Coloring
Using the slope of the 20 Period Volume Moving Averages to detect trend changes in Volume
*With respect to Indexes only*
Increasing Volume tends to be "Bearish" while decreasing volume tends to be "Bullish".
Color of the slope changes when the current slope is above or below the reading of the slope 3 days prior.
*With respect to Indexes only*
Increasing Volume tends to be "Bearish" while decreasing volume tends to be "Bullish".
Color of the slope changes when the current slope is above or below the reading of the slope 3 days prior.
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.