OPEN-SOURCE SCRIPT
Updated Ranged Volume Study - R3c0nTrader
Credits:
Thank you "EvoCrypto" for granting me permission to use "Ranged Volume" to create this version of it.
What is this and What does this do?
This study shows the ranged volume, and it can be used to produce buy signals for a 3Commas bot.
What’s different about this script?
I added code so that negative volume has its own color settings and lower opacity than the positive volume.
I changed the color scheme from Yellow, Red, Green, and Black to Yellow, Red, Light Blue, and Dark Blue.
How to Use
1. On the “Inputs” tab:
a. Set your “Volume Range Length” (number of bars to look back)
b. “Heikin Ashi” – Usually I leave this enabled. Make sure this matches what you have in your strategy!
c. “Show Bar Colors” – Leave disabled. Let the Strategy script color the bars in the price chart.
d. “Show Break-Out” – Leave enabled. Highlights the volume breakout in yellow and breakdowns in red.
e. “Show Range” – Leave enabled
Thank you "EvoCrypto" for granting me permission to use "Ranged Volume" to create this version of it.
What is this and What does this do?
This study shows the ranged volume, and it can be used to produce buy signals for a 3Commas bot.
What’s different about this script?
I added code so that negative volume has its own color settings and lower opacity than the positive volume.
I changed the color scheme from Yellow, Red, Green, and Black to Yellow, Red, Light Blue, and Dark Blue.
How to Use
1. On the “Inputs” tab:
a. Set your “Volume Range Length” (number of bars to look back)
b. “Heikin Ashi” – Usually I leave this enabled. Make sure this matches what you have in your strategy!
c. “Show Bar Colors” – Leave disabled. Let the Strategy script color the bars in the price chart.
d. “Show Break-Out” – Leave enabled. Highlights the volume breakout in yellow and breakdowns in red.
e. “Show Range” – Leave enabled
Release Notes
Added "Source" as an input; corrected missing logic for "Up" and "Dn" variables.Release Notes
Heikin Ashi no longer stuck on candle's "close" value. Will now apply to whatever was selected as "Source"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.