OPEN-SOURCE SCRIPT
Updated Volume Divergence by MM
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.
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 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.
** DONATE IF YOU LIKE MY SCRIPTS **
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Follow me on twitter: twitter.com/baymucuk
BTC: 18PQ3M7YEgY1a22G4su8Y6XityAirPHSoF
Follow me on twitter: twitter.com/baymucuk
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.
** DONATE IF YOU LIKE MY SCRIPTS **
BTC: 18PQ3M7YEgY1a22G4su8Y6XityAirPHSoF
Follow me on twitter: twitter.com/baymucuk
BTC: 18PQ3M7YEgY1a22G4su8Y6XityAirPHSoF
Follow me on twitter: twitter.com/baymucuk
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.