OPEN-SOURCE SCRIPT
X.Y Format Candle Volume
This allows you to view candle volume relative to previous candles.
By default it uses a 500 candle lookback and excludes the most highest and lowest 50.
This gives a value similar to a mean. You can adjust these settings.
100% of mean = 1.0
50% of mean = 0.5
550% of mean = 5.5
10X of mean = arrow up or down.
By default it uses a 500 candle lookback and excludes the most highest and lowest 50.
This gives a value similar to a mean. You can adjust these settings.
100% of mean = 1.0
50% of mean = 0.5
550% of mean = 5.5
10X of mean = arrow up or down.
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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