OPEN-SOURCE SCRIPT
Volume Z-Score
A simple indicator to remove some of the noise associated with day-to-day volume changes. I find this is much easier to spot large volume spikes at reversal points, or dwindling volume at points of exhaustion.
Select the desired lookback period and the indicator will display how many standard deviations above or below the mean the current volume is.
Happy trading!
Select the desired lookback period and the indicator will display how many standard deviations above or below the mean the current volume is.
Happy trading!
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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