🐳 Whales 🆚 Little Fish 🐟 — Indicator by Dreadblitz

Volume whales buy SELL institutional IVN IVP volumen

volumestudies whales buy sell institutional ivn ivp volumen

THIS INDICATOR DETERMINES WHAT THE STRONG HANDS AND WEAK HANDS ARE DOING, BASED ON THE FAMOUS INDICATOR "KONCORDE", OBTAINED FROM THE PERCENTARY VARIATION OF THE INDICATOR IVP (POSITIVE VOLUME INDEX) AND IVN (VOLUME INDEX). ANYONE READING THE AVAILABLE DOCUMENTATION ON THESE TWO SMALL MATHEMATICAL JEWELRY WILL DISCOVER THAT THE ATTRIBUTED VOLUMES NEGOTIATED TO STRONG HANDS (IVN) OR WEAK HANDS (IVP).

NOTE: USE THIS INDICATOR ONLY IN INSTRUMENTS WITH REAL VOLUME.

Release Notes:

NOTE: THIS INDICATOR DOES IT ON A NON-OFFICIAL KONCORDE VERSION SHARED IN TRADINGVIEW, TODAY I OBTAINED THE OFFICIAL VERSION OF KONCORDE OF BLAI5 AND I FIND OUT THAT THE RESULT IS VERY DIFFERENT FROM THE NON-OFFICIAL VERSIONS THAT ARE NOT FOUND THE CODE AS I DO NOT HAVE THE BLAI5 PERMITS, SO I RECOMMEND NOT TO USE THIS INDICATOR AS IT GENERATES INCORRECT RESULTS. YOU ALSO TAKE THE OPPORTUNITY FOR DECITERS THAT DO NOT USE ANY OFFICIAL VERSION OF KONCORDE THOSE THAT ARE PUBLISHED, AS THE RESULTS ARE VERY DIFFERENT FROM THE ORIGINAL VERSION.

Release Notes:

NOTE: THE VERSION THAT WORKS CORRECTLY IS:

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?