OPEN-SOURCE SCRIPT
Updated Volume Density
A group of two indicators:
The "Volume Density" shows how much volume was thrown out relative to the covered price range.
The "Volume Density Bars" shows the same, but with colour on top of the bar chart.
The "Volume Density" shows how much volume was thrown out relative to the covered price range.
The "Volume Density Bars" shows the same, but with colour on top of the bar chart.
Release Notes
Merge with "Volume Density Bars" by adding option to colourize bars and disable histogram.Release Notes
Add option to select a moving average functionRelease Notes
Add clip value setting to clip spikes of high volumeRelease Notes
Fix priveiw imageRelease Notes
Fix "Invalid symbol" warning when the custom volume source is enabled.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.