OPEN-SOURCE SCRIPT
ZigZag VolumeAccumulator
This script plot a Volume Accumulator Histogram.
It accumulates volume after a price changes direction.
Use it to show how big is the bear or bull force.
I recommend to use Bandsize = 2 or 3 times ATR(300 or bigger)
This script uses the core of my ZigZag Bands indicator, https://br.tradingview.com/script/KSL2WLPx/
Use it to adjust Bandsize parameter.
It accumulates volume after a price changes direction.
Use it to show how big is the bear or bull force.
I recommend to use Bandsize = 2 or 3 times ATR(300 or bigger)
This script uses the core of my ZigZag Bands indicator, https://br.tradingview.com/script/KSL2WLPx/
Use it to adjust Bandsize parameter.
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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