OPEN-SOURCE SCRIPT
Percent Volume Oscillator(by ucsgears)
A good measure to see how excited the herd is, before chasing a move. Very Useful when trading explosive stocks like, FNMA, PLUG, USU. I use this to filter when not to chase. Once you get familiar with this. You can trade the stocks with just Volume and Price.
Also a good filter on how good a breakout is.
Further Reading - tinyurl.com/knzn4p9 (Stockcharts - Chart School)
List of All my Indicators - tradingview.com/p/stocks/?sort=recent&time=day&by=ucsgears
Good Luck
Also a good filter on how good a breakout is.
Further Reading - tinyurl.com/knzn4p9 (Stockcharts - Chart School)
List of All my Indicators - tradingview.com/p/stocks/?sort=recent&time=day&by=ucsgears
Good Luck
Uday C Santhakumar
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.
Want to use this script on a chart?
Uday C Santhakumar
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.