OPEN-SOURCE SCRIPT
Normalized Volume Oscillator
This volume indicator works best on comparatively small timeframes (15 minutes, for example).
Based on:
- Normalized Volume Oscillator - indicator for MetaTrader 4 <mql5.com/en/code/8208>
- Using Tick Volume in Forex: A Clear NVO Based Example <mechanicalforex.com/2010/08/using-tick-volume-in-forex-clear.html>
See also:
- Are price updates a good proxy for actual traded volume in FX? <fxstreet.com/education/are-price-updates-a-good-proxy-for-actual-traded-201104220000>
Based on:
- Normalized Volume Oscillator - indicator for MetaTrader 4 <mql5.com/en/code/8208>
- Using Tick Volume in Forex: A Clear NVO Based Example <mechanicalforex.com/2010/08/using-tick-volume-in-forex-clear.html>
See also:
- Are price updates a good proxy for actual traded volume in FX? <fxstreet.com/education/are-price-updates-a-good-proxy-for-actual-traded-201104220000>
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.
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.