OPEN-SOURCE SCRIPT
Volume x Price
This indicator displays the traded volume weighted by the closing price of each candle. It's useful for visualizing the intensity of capital movement in the market, beyond traditional volume.
Calculation: Volume × Closing Price
Display: Column-style histogram
Coloring:
🟩 Green if the session was bullish (close > open)
🟥 Red if the session was bearish (close < open)
Ideal for spotting high-activity zones with directional bias. It complements classic volume analysis and helps identify strong capital inflows or outflows.
Calculation: Volume × Closing Price
Display: Column-style histogram
Coloring:
🟩 Green if the session was bullish (close > open)
🟥 Red if the session was bearish (close < open)
Ideal for spotting high-activity zones with directional bias. It complements classic volume analysis and helps identify strong capital inflows or outflows.
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.