OPEN-SOURCE SCRIPT

Moon's Volume Based Price Disparity

Updated
changed from a max Volume to an acumulated Volume
Release Notes
0.00025 is better for default i think
Release Notes
current price and
a price graph ignored price points not with under the certain percent of a cumulative volume for a certain period of time
default is 20 period and 10%
Release Notes
hl2->close
more accurate
Release Notes
from just current volume to sum(volume) of a period.
so there's two values. short distance and long distance
if short distance sum(volume) is more than long distance sum(volume)*vrate, graph changing occurs
Release Notes
change default value
Release Notes
long distance is now cumulate before short distance
Release Notes
version up
Price Volume Trend (PVT)Volume

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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