OPEN-SOURCE SCRIPT
Volume with direction
Oscillator plots cumulative volume with direction defined by price (positive price change = positive volume and vice versa) divided by volume sma.
It is good for divergence indication and can be used for trend change prediction.
It is faster then stoch with the same length.
It is good for divergence indication and can be used for trend change prediction.
It is faster then stoch with the same length.
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.