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.
this is great thank you, especially on a slower setting like 50, as it takes away loads of false signals . It worked so well I actually thought it repainted lol!
Is someone able to create only colums on 1 side. For me its only important to see if its a red or a green bar. And nog on which side. That safes me a bit of space for my overview.