Cumulative Volume
Cumulative Volume is the current volume added to the previous volume and the previous volume again and again. If the current volume is bullish, add the previous volume, and if the current volume is bearish, minus the previous volume. It's as simple as that.
If the candlestick has a longer upper wick than the bar, it will be read as bearish volume, even if the closing price is higher than the opening price. Conversely, if the candlestick has a longer lower wick than the bar, it will be read as bullish volume, even if the closing price is lower than the opening price.
Cumulative Volume aims to identify bullish or bearish areas base on volume and price. This is useful for users who want to see the accumulation of bullish volume and compare it with the distribution of bearish volume.
Cumulative Volume can be viewed from the perspective of divergence and convergence between the price action trend and the cumulative volume trend. This helps strengthen the probability of future price direction.
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact Saupi directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
Disclaimer
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact Saupi directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.