Trader Set - Volume Trend
This is a little GIFT from me to the community.
It uses one of the volume candle subtype formulas to define if there is a trend in the market or not.
Keep in mind that this script uses security on 60 minute (hourly) time frame, so, fundamentally it can have little repaint but as long as you don't update your charts, there shouldn't be any problem and even with chart update and refreshing, the chance for a repaint is really small.
Also, because this uses 60 minute time frame to determine if there is a trend or not, you can't use it on time frames higher than hourly charts, even on hourly chart it's not acceptable for most conditions. but on minute charts, it should be a nice helper to show "possible" direction of the market.
Remember, as many indicators, this just INDICATES a suggestion and it's not written on hard stone.
It uses one of the volume candle subtype formulas to define if there is a trend in the market or not.
Keep in mind that this script uses security on 60 minute (hourly) time frame, so, fundamentally it can have little repaint but as long as you don't update your charts, there shouldn't be any problem and even with chart update and refreshing, the chance for a repaint is really small.
Also, because this uses 60 minute time frame to determine if there is a trend or not, you can't use it on time frames higher than hourly charts, even on hourly chart it's not acceptable for most conditions. but on minute charts, it should be a nice helper to show "possible" direction of the market.
Remember, as many indicators, this just INDICATES a suggestion and it's not written on hard stone.
Release Notes:
a little fix
Release Notes:
Added up more conditions