OPEN-SOURCE SCRIPT
Updated liquidity volume
just like volume, this indicator shows how much in dollars were traded in millions.
Release Notes
made the volume bars represent colors based on bearish or bullish movementRelease Notes
added a mean (average) to the script. Release Notes
added a 3rd standard deviation to the indicator. a 3sd occurrence has a 0.2% chance of occurrence on a statistical standpoint. but when it comes to markets it happens more often. nonetheless, a 3sd alert can signify a major market movement due to increase of activity of dollars going in or out of that asset you are observing. P.S.A. go on settings, under style tab, change the "price line" to a histogram. Release Notes
changed the plotted liqudity to a column Release Notes
when the line is purple that means that liquidity is going down. when the line is white that means liquidity is going up Release Notes
ive made improvements on the script. easier to use and readRelease Notes
made a little bit more modificationRelease Notes
you can switch from representation of liquidity and equity. equity is just normal volumeRelease Notes
we have added a new stat. you can see how much volume has increased/decreased from the previous bar in percentageRelease Notes
modified the separation of labels so no overlapping occursRelease Notes
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.