OPEN-SOURCE SCRIPT
Recent Volume Higher Oscillator [Takazudo]
Updated
This indicator has two lines that are the recent volume EMA and the past volume EMA. When the recent one is higher than the past one, it highlights the background. It means the volume is relatively getting higher.
This oscillator is designed to detect the entry timing for trend following strategy. It is said that we need to confirm the trend by the volume.
This oscillator is designed to detect the entry timing for trend following strategy. It is said that we need to confirm the trend by the volume.
Release Notes
- added volume histogram
- put more weight to recent volume
Release Notes
screenshot updateOpen-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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