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openresty

Volume Flow

openresty Updated   
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volumestudies
Volume Flow

This is an indicator script based on
Volume Flow v3 (Rescaled Update)

Calculate the trading volume through the moving average series of indicators. If the long position moving average exceeds the volume moving average, it is considered a strong long signal, if the short position moving average exceeds the volume moving average, it is considered a strong short signal.
Release Notes:
Add the function of selecting signal type, and add the color range of intense competition between long and short sides
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 a publication is governed by House Rules. You can favorite it to use it on a chart.

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.

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