OPEN-SOURCE SCRIPT
Volume Density
Updated
A group of two indicators:
The "Volume Density" shows how much volume was thrown out relative to the covered price range.
The "Volume Density Bars" shows the same, but with colour on top of the bar chart.
The "Volume Density" shows how much volume was thrown out relative to the covered price range.
The "Volume Density Bars" shows the same, but with colour on top of the bar chart.
Release Notes
Merge with "Volume Density Bars" by adding option to colourize bars and disable histogram.Release Notes
Add option to select a moving average functionRelease Notes
Add clip value setting to clip spikes of high volumeRelease Notes
Fix priveiw imageRelease Notes
Fix "Invalid symbol" warning when the custom volume source is enabled.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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