OPEN-SOURCE SCRIPT
Split Volume

The Split Volume indicator displays 'Upwards' and 'Downwards' volume with an additional method for distributing 'split' candle volume.
A 'split' candle is a candle whose direction is...'Split'...since the open and close are equal. (Ex. Doji)
Upwards and Downwards Volume is tracked by comparing the Open and Closes of the Lower Timeframes.
The indicator pulls data from lower timeframes to achieve more granular Open,Close,& Volume Data
Specifically:
<5m Timeframe: 1 Second LTF
<60m Timeframe: 5 Second LTF
<1D Timeframe: 1 Minute LTF
>1D Timeframe: 60m LTF
We have also included some nice-to-have features
A 'split' candle is a candle whose direction is...'Split'...since the open and close are equal. (Ex. Doji)
Upwards and Downwards Volume is tracked by comparing the Open and Closes of the Lower Timeframes.
- If the Close is Greater-than the Open, we track the Volume as 'Upwards' Volume.
- If the Close is Less-than the Open, we track the Volume as 'Downwards' Volume.
- If the Close and Open are Equal, we assume that the Volume is an even split 50/50, and track it as such.
The indicator pulls data from lower timeframes to achieve more granular Open,Close,& Volume Data
Specifically:
<5m Timeframe: 1 Second LTF
<60m Timeframe: 5 Second LTF
<1D Timeframe: 1 Minute LTF
>1D Timeframe: 60m LTF
We have also included some nice-to-have features
- 50% Volume Line: This line splits each columns in half, this is used as quick reference to see exactly which side the volume is on.
- High Volume Candle Identification: We are detecting bars with high relative volume and coloring them on the upper chart for use as important zones.
- Status Line Readouts: The Status line for this indicator is formatted for simple reading. It Reads(Left-to-Right):Total Volume, Downwards Volume, 50% Value, Upwards Volume
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.