OPEN-SOURCE SCRIPT
Volume Value per Unit
This script will plot the result of Volume / Close.
This is meant to normalize the volume of tickers with exponential growth, for example a ticker like
BTC that went from $1 to 50k. Having the volume divided by the close will normalize the volume for when the price was $1 and 50k.
This is meant to normalize the volume of tickers with exponential growth, for example a ticker like
BTC that went from $1 to 50k. Having the volume divided by the close will normalize the volume for when the price was $1 and 50k.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 publication is governed by House rules. You can favorite it to use it on a chart.
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