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htnnee

real (colored) volume

htnnee  
Volume
23
0
volumestudies
This script plots the volume in terms of the underlying base (e.g. USD or btc) not number of coins traded. It plots volume*mid price.

In addition, the volume color density depends on the candle body divided to high-low. Very green for long up candle body, grey means short candle body compared to high-low, very red for long down candle body. It may provide some indications of the strength of bulls versus bears.
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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