OPEN-SOURCE SCRIPT
Volume Value per Unit
This script will plot the result of Volume / Close.
This is meant to normalize the volume of tickers with exponential growth, for example a ticker like
BTC that went from $1 to $50k. Having the volume divided by the close will normalize the volume for when the price was $1 and $50k.
This is meant to normalize the volume of tickers with exponential growth, for example a ticker like
BTC that went from $1 to $50k. Having the volume divided by the close will normalize the volume for when the price was $1 and $50k.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.
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.
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.