OPEN-SOURCE SCRIPT
Volume Price Change Ratio
Messing around with this two point selecting ability I recently learned about from Tradingview's CAGR. Here is a script that will tell you changes in volume(obv)/price, volume to price change ratio, and the average volume to price change ratio for the length you define in the settings menu. You can use this to compare the ratio of a current pump to an older pump to help assess the strength of a movement. Enjoy!
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.