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Thefinancialcloud

Split VolumeThe Split Volume indicator displays 'Upwards' and 'Downwards' volume with an additional method for distributing 'split' candle volume. A 'split' candle is a candle whose direction is...'Split'...since the open and close are equal. (Ex. Doji) Upwards and Downwards Volume is tracked by comparing the Open and Closes of the Lower Timeframes. If the Close is Greater-than the Open, we track the Volume as 'Upwards' Volume. If the Close is Less-than the Open, we track the Volume as 'Downwards' Volume. If the Close and Open are Equal, we assume that the Volume is an even split 50/50, and track it as such. The indicator pulls data from lower timeframes to achieve more granular Open,Close,& Volume Data Specifically: <5m Timeframe: 1 Second LTF <60m Timeframe: 5 Second LTF <1D Timeframe: 1 Minute LTF >1D Timeframe: 60m LTF We have also included some nice-to-have features 50% Volume Line: This line splits each columns in half, this is used as quick reference to see exactly which side the volume is on. High Volume Candle Identification: We are detecting bars with high relative volume and coloring them on the upper chart for use as important zones. Status Line Readouts: The Status line for this indicator is formatted for simple reading. It Reads(Left-to-Right):Total Volume, Downwards Volume, 50% Value, Upwards Volume
Pine Script® indicator
by TheFinancialCloud
11

Select market data provided by ICE Data Services. Select reference data provided by FactSet. Copyright © 2025 FactSet Research Systems Inc.Copyright © 2025, American Bankers Association. CUSIP Database provided by FactSet Research Systems Inc. All rights reserved. SEC fillings and other documents provided by Quartr.© 2025 TradingView, Inc.

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