Directional Volatility and Volume — Indicator by PuguForex

An oscillator that manages to display the direction of volatility and volume in a single indicator. This allows viewing the trend in concert with the volume strength. Thus a trader can check if the price movement has volatility and volume behind it or not.

Release Notes:

Added alerts and different smoothing options

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.

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