OPEN-SOURCE SCRIPT
Updated Recent Volume Higher Oscillator [Takazudo]
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 creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.