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wzkkzw12345

BTC buy/sell effectiveness

wzkkzw12345 Updated   
multitimeframe Volume
76
0
multitimeframe volumestudies
Describing how much bitcoin price moves due to active buy/sell orders, using price data from BINANCE:BTCUSDT but summing up the volume data from BINANCE:BTCUSDT, COINBASE:BTCUSD, BITHUMB:BTCKRW, BITFLYER:BTCJPY, KRAKEN:BTCEUR, FTX:BTCUSD, BITSTAMP:BTCUSD, BITFINEX:BTCUSD. The script is based on another script in the following
active buy/sell effectiveness

The recommended setting is 1m resolution with 1H time frame, EMA lengths 12 and 18. The upper and lower dashed lines show regions of high and low volatility of price.
Release Notes:
fixed bugs
Release Notes:
fixed bugs
Release Notes:
changed the high/low levels of volume-based volatility
Release Notes:
changed the source of price data to "INDEX:BTCUSD"
Release Notes:
changed the source of price data back to BINANCE:BTCUSDT
Release Notes:
revised the algorithm based on "active buy/sell effectiveness"
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

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