OPEN-SOURCE SCRIPT
Updated Volume Z-Score [SuperJump]
Hello Guys.
I'm very very happy to release a new indicator after a really long time
The reason I created this indicator is, we often forget the importance of volume.
Volume is a signal of the start of a strong trend, and a very good example of how long a trend can continue.
Why do we forget the importance of trading volume?
Right, because we use a timeframe that is too small,
Most of the time we trade, the candles are largely free of volatility and low in volume.
So if we forget to check volume sometimes, no problem.
But when trading on a big trend, we can't ignore it.
I hope this volume indicator made using Z-Score will help you.
===========================================================================================
People sometimes call us gamblers.
They even accuse us of being unnecessary for the things we study with passion.
But I believe, we can definitely find a good meaning.
I'm very very happy to release a new indicator after a really long time
The reason I created this indicator is, we often forget the importance of volume.
Volume is a signal of the start of a strong trend, and a very good example of how long a trend can continue.
Why do we forget the importance of trading volume?
Right, because we use a timeframe that is too small,
Most of the time we trade, the candles are largely free of volatility and low in volume.
So if we forget to check volume sometimes, no problem.
But when trading on a big trend, we can't ignore it.
I hope this volume indicator made using Z-Score will help you.
===========================================================================================
People sometimes call us gamblers.
They even accuse us of being unnecessary for the things we study with passion.
But I believe, we can definitely find a good meaning.
Release Notes
Add 1 steps for Z-Score Color.Add bool option for display volume value.
Release Notes
Add "Alert Z-score"If the Z-Score of the current volume is higher than the "Alert Z-Score", an alarm occurs.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.