Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
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In volatile markets, normal indicator suffer from volume spikes that make the rest of plot seem non-existent. Using logarithmic exponent, this indicator normalizes the volume, so this makes it easier to read. The obvious drawback is that it does not display the actual volume amount, only a relative value.
Release Notes
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Included the original volume indicator in the screenshot so you can see the difference.
Release Notes
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Fixed incorrect bar colors, note: it's actually intended to be green on rising volume and red on declining volume.
Release Notes
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I found the way to include the original volume data on the chart! The actual volume is being divided by a large number, so it doesn't break the chart. The outcome value is small and transparent, yet it's still printed on the chart. In this example it is divided by 1000000 or one million bitmex contracts.