Volume Trend Analysis — Indicator by jasonya2206

candlestickanalysis volumestudies volumeanalysis

The VTA indicator is a trend analysis indicator based on trading volume and candlestick charts, used to determine the states of bullish strength, bearish strength, and market balance. When the bullish volume gradually increases while the bearish volume gradually decreases or remains steady, the market is in a state of bullish strength; when the bearish volume gradually increases while the bullish volume gradually decreases or remains steady, the market is in a state of bearish strength; when both the bullish and bearish volumes remain steady, the market is in a state of market balance.

The VTA indicator can help traders better determine market trends, select appropriate entry and exit points.

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.

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.

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