OPEN-SOURCE SCRIPT

Volume Divergence by MM

Updated

It's a simply volume indicator. You should watch for breaks on both volume uptrend and volume downtrend. It uses fibonacci numbers to build smoothed moving average of volume.

Also you can check divergences for trend reversal and momentum loss.

Release Notes

Divergence lines and labels added.

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.

Want to use this script on a chart?

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