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jocull

Dollar Cost Volume

jocull  
sentiment Volume Money Flow Index (MFI) money_flow volumeanalysis dollar_cost smart_money
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sentiment volumestudies moneyflow money_flow volumeanalysis dollar_cost smart_money
When asset prices rise or fall greatly it can be difficult to measure the interest levels across time periods. Think of assets like BBBY, GME, CVNA, BTCUSD, etc... :)

This simple visualization multiplies a pricing option by the volume to give a "dollar cost" volume over time. With this, you can more easily measure interest levels from "smart money" ("big money") and eliminate some of the noise from large volume moves when prices are very low (or small volume moves when prices are very high).
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 a publication is governed by House Rules. You can favorite it to use it on a chart.

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.

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