Price Volume Correlation — Indicator by HariprasathGopal

NSE:SRTRANSFIN

Price volume correlation is an effective statistical study in the field of stock market. Price and volume should always be correlated to validate any trending moves.

If the price is increasing along with increase in volume it is a valid bull trend.
If the price is decreasing along with increase in volume it is valid bear trend.

Anything other than that is a pull back. Dot!!

For more info check the video about using this in my You tube channel "FIG learn market the right way"

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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