**PROWIN STUDY BASIC CURRENT CANDLE TABLE** **Description:**
The PROWIN STUDY BASIC CURRENT CANDLE TABLE indicator provides an insightful analysis of the current candle's volume and its comparative performance against the last 50 candles. This script includes several features designed to help traders understand volume trends and potential market direction.
**Key Features:**
1. **Volume Analysis**: - Accesses the current candle's volume and compares it with the highest and lowest volumes over the past 50 candles. - Calculates the average volume between the highest and lowest values for a better perspective.
2. **Candle Trend Identification**: - Identifies whether the current candle is bullish or bearish by comparing the current close price with the previous close price.
3. **Average Volume Calculation**: - Computes the average volume of bullish (green) and bearish (red) candles over the last 50 periods. - Derives an average value between the green and red volume averages.
4. **Volume Slope Calculation**: - Calculates the difference in volume averages (EMAs) between successive periods to determine the slope. - Computes the angle of inclination for green, red, and average volume lines in degrees.
5. **Plotting**: - Plots the average volumes of green and red candles as well as the combined average on the chart. - Visualizes these metrics with color-coded lines for quick interpretation.
6. **Dynamic Table**: - Displays a dynamic table on the chart that updates in real-time. - Shows the angles of inclination for buy (green), sell (red), and average volume (blue) with corresponding background colors.
7. **Customizable Background**: - Includes an option to set a semi-transparent background color for the chart, enhancing visual clarity.
This indicator is designed to help traders gain deeper insights into market volume dynamics and make more informed trading decisions. Whether you're analyzing short-term movements or long-term trends, the PROWIN STUDY BASIC CURRENT CANDLE TABLE offers valuable data at a glance.
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.
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.