OPEN-SOURCE SCRIPT
ETN - Volume Candle
Highlights candlestick based on volume data.
Indicator looks back and analyzing volume to find the volume bar with the largest numerical value
Indicator highlights the corresponding candlestick.
Indicator marks the high and low of that candlestick.
Users can adjust lookback period. Default is set to 50.
Users can adjust how the indicator plots the high and low.
I currently have the high and low not being displayed on the charts until I come up with a better version.
On my chart, indicator colored the candlesticks YELLOW.
Indicator looks back and analyzing volume to find the volume bar with the largest numerical value
Indicator highlights the corresponding candlestick.
Indicator marks the high and low of that candlestick.
Users can adjust lookback period. Default is set to 50.
Users can adjust how the indicator plots the high and low.
I currently have the high and low not being displayed on the charts until I come up with a better version.
On my chart, indicator colored the candlesticks YELLOW.
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 publication is governed by House rules. You can favorite it to use it on a chart.
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