VolumeFlow

Volume & price have a direct correlation with each other. If the fundamental value changes, the price changes and volume follows. If the technicals change, volume changes and price follows.

Because the relationship between volume and price is so connected, I created a script highlighting important volume flow measurements.

The VolumeFlow indicator combines several volume measurements into 1 indicator.

1) Volume net inflow / outflow
2) Volume total flow change
3) Volume cumulation flow

The VolumeFlow indicator uses a scale from 100 high to -100 low, with the zero level being neutral.

The VolumeFlow indicator has 4 inputs:

1) +Volume-
2) VolumeFast
3) VolumeSlow
4) Accum/Dist

Default inputs:

+Volume-
length = 1, color = + green or - red

VolumeFast
length = 2, color = blue

VolumeSlow
length = 3, color = white

Accum/Dist
length = 5, color = brown

Horizontal lines
length = 100, 50, 0, -50, -100, color = white

* The VolumeFlow indicator uses altered pieces of code from my Options360 FibVIP indicator, Tradingview "Up / down volume" indicator and Tradingview "Accumulation/Distribution" indicator. *

릴리즈 노트

Add track value line's option.
Add a Total line calculation of all 4 averaged.

오픈 소스 스크립트

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.

For quick access on a chart, add this script to your favorites — learn more here.