dman103

Volume Trend Meter

dman103 Premium Updated   
Sweet little indicator which measures volume pressure over a specific period of time.
i call it Volume Trend Meter, or just VTM ,
The indicator sums up all green candles volume and red candles volumes over a specific period of bars (you set in settings) and plots their values.
Use this indicator to identify increasing volume with the green candles (close higher than open) and increasing volume of the red candles (close is lower than open).

======= Calculation ==========
For Green Column: Total volume of green candles is higher than total red candles volume .
For Red Column: Total volume of red candles is higher than total green candles volume .

======= Volume Trend Meter Colors =======
Green: Increasing buying pressure.
Red: Increasing selling pressure.

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Release Notes: Added an option to display all values as positive values.

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Open-source script

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