Get started
Simpel_Bart

Trade Lightswitch

Simpel_Bart  
Volume BTC BTCUSD xbt XBTUSD VOL volumeshare retail On Balance Volume (OBV)
39
0
volumestudies btc btcusd xbt xbtusd vol volumeshare retail onbalancevolume
This script is a follow-up to the following script:

Relative Volume Change: BTC | Retail v. Non-Retail [Sim]

An analysis shows that when BTC relative monthly volume change of retail is greater than non-retail, non-ideal conditions exist to trade (i.e. do not trade). When the default background color is gray, stay out.
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?