OPEN-SOURCE SCRIPT
Updated Accumulated Volume Pressure
Volume Pressure = Volume / Price Change
A little price change with the same volume causes volume pressure. Volume Pressure pushes the prices up. Volume Pressure tells the desire to buy.
Accumulated Volume Pressure is plotted.
A little price change with the same volume causes volume pressure. Volume Pressure pushes the prices up. Volume Pressure tells the desire to buy.
Accumulated Volume Pressure is plotted.
Release Notes
Changed the range of the plotRelease Notes
Removed horizontal zero line. Now the graph is scaling correctlyRelease Notes
The action is more visible on high volatility coinsRelease Notes
Added average to show the trendRelease Notes
.Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.