OPEN-SOURCE SCRIPT
Volume times price (V*P)
multiplies volume by current price.
I use this primarily with small cap stocks. More valuable to know the $ amount flowing into a stock vs shares alone. For example, a stock with 10mil in volume but only 5 cents is way less significant than that same volume on a $5 stock. Ill lean more to trade the $5 stock as more money is in the name and generally better trading opportunities.
I use this primarily with small cap stocks. More valuable to know the $ amount flowing into a stock vs shares alone. For example, a stock with 10mil in volume but only 5 cents is way less significant than that same volume on a $5 stock. Ill lean more to trade the $5 stock as more money is in the name and generally better trading opportunities.
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.
For quick access on a chart, add this script to your favorites — learn more here.
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.
For quick access on a chart, add this script to your favorites — learn more here.
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.