OPEN-SOURCE SCRIPT
Dollar normalized volume
An indicator that multiply the closing price with the current volume. (close X volume)
This will show the relative interest in the underlying asset regardless of the price change over time. For the case of FXCM, when the price fell from $16 to $1, its volume spiked 16x at the same time given the fact that 16x more shares can now be purchased with the same amount of dollar.
Enjoy! and remember to give a thumbs up.
This will show the relative interest in the underlying asset regardless of the price change over time. For the case of FXCM, when the price fell from $16 to $1, its volume spiked 16x at the same time given the fact that 16x more shares can now be purchased with the same amount of dollar.
Enjoy! and remember to give a thumbs up.
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.