OPEN-SOURCE SCRIPT
Cumulative Net Volume
This indicator calculate the Cumulative Net Volume (volume in versus volume out) as seen in red and green cross
I normalize it to be as price indicator -then using color setting it easy to see when volume influx is positive compare to negative period
next step -I add rsi and Bollinger to highlight the area where volume is going up or down with the best period by rsi and Bollinger (green red)
it easy indicator for starter to see where the best buy or sell point
have fun
I normalize it to be as price indicator -then using color setting it easy to see when volume influx is positive compare to negative period
next step -I add rsi and Bollinger to highlight the area where volume is going up or down with the best period by rsi and Bollinger (green red)
it easy indicator for starter to see where the best buy or sell point
have fun
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
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.