OPEN-SOURCE SCRIPT
Volume distance to new volume ATH
This one lights up if the distance from volume ATH continues to become smaller.
Flips from color to white are a sign of trend decay/change and could be used as an exit signal or entry signal.
3rd part of the alchemy indicator.
Flips from color to white are a sign of trend decay/change and could be used as an exit signal or entry signal.
3rd part of the alchemy indicator.
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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