RolandoSantos

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.

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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