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umur.ozkul

Accumulated Volume Pressure

umur.ozkul Updated   
Trend Analysis Volume
268
3
trendanalysis volumestudies
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.

Release Notes:
Changed the range of the plot
Release Notes:
Removed horizontal zero line. Now the graph is scaling correctly
Release Notes:
The action is more visible on high volatility coins
Release Notes:
Added average to show the trend
Release Notes:
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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.

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