OPEN-SOURCE SCRIPT
Volume Density
Script calculates the amount of volume involved per unit price and is colored based on its previous value. An increasing value along with a suitable price action indicates that there is more supply at that level and could be a potential reversal, a decreasing value indicates that there is less supply and the scrip may be in momentum or having a breakout.
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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