RafaelZioni

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
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.

Want to use this script on a chart?