OPEN-SOURCE SCRIPT
Custom Volume for scalping

### **Indicator Summary: Custom Volume with Arrow Highlight**
#### **Purpose:**
This indicator visualizes volume bars in a chart, highlighting specific conditions based on volume trends. It displays arrows above the volume bars to indicate potential bullish or bearish market conditions.
#### **Key Features:**
1. **Volume Bars**:
- The indicator plots volume as columns on the chart.
- Volume bars are colored:
- **White** for bullish volume (when the closing price is higher than the opening price).
- **Blue** for bearish volume (when the closing price is lower than the opening price).
2. **Highlight Conditions**:
- The indicator identifies a sequence of three consecutive volume bars:
- The first two bars must be of the same direction (either both bullish or both bearish).
- The third bar must be of the opposite direction.
- Additionally, the third bar's volume must be greater than the previous bar's volume.
3. **Arrow Indicators**:
- When the highlight conditions are met:
- An **upward arrow** ("▲") is placed above the third volume bar for bullish conditions (when the third bar is bullish).
- A **downward arrow** ("▼") is placed above the third volume bar for bearish conditions (when the third bar is bearish).
- The arrows are colored to match the respective volume bar: white for bullish and blue for bearish.
4. **Adjustable Size**:
- The arrows are sized appropriately to ensure visibility without cluttering the chart.
#### **Use Cases:**
- This indicator can help traders identify potential reversals or continuation patterns based on volume behavior.
- It is particularly useful for traders focusing on volume analysis to confirm market trends and make informed trading decisions.
#### **Customization:**
- Users can modify the conditions and visual attributes according to their preferences, such as changing colors, sizes, and label positions.
### **Conclusion:**
The "Custom Volume with Arrow Highlight" indicator provides a straightforward and effective way to visualize volume trends and identify key market conditions, aiding traders in their decision-making processes. It combines the power of volume analysis with clear visual cues, making it a valuable tool for technical analysis in trading.
If you need any further modifications or details, let me know!
#### **Purpose:**
This indicator visualizes volume bars in a chart, highlighting specific conditions based on volume trends. It displays arrows above the volume bars to indicate potential bullish or bearish market conditions.
#### **Key Features:**
1. **Volume Bars**:
- The indicator plots volume as columns on the chart.
- Volume bars are colored:
- **White** for bullish volume (when the closing price is higher than the opening price).
- **Blue** for bearish volume (when the closing price is lower than the opening price).
2. **Highlight Conditions**:
- The indicator identifies a sequence of three consecutive volume bars:
- The first two bars must be of the same direction (either both bullish or both bearish).
- The third bar must be of the opposite direction.
- Additionally, the third bar's volume must be greater than the previous bar's volume.
3. **Arrow Indicators**:
- When the highlight conditions are met:
- An **upward arrow** ("▲") is placed above the third volume bar for bullish conditions (when the third bar is bullish).
- A **downward arrow** ("▼") is placed above the third volume bar for bearish conditions (when the third bar is bearish).
- The arrows are colored to match the respective volume bar: white for bullish and blue for bearish.
4. **Adjustable Size**:
- The arrows are sized appropriately to ensure visibility without cluttering the chart.
#### **Use Cases:**
- This indicator can help traders identify potential reversals or continuation patterns based on volume behavior.
- It is particularly useful for traders focusing on volume analysis to confirm market trends and make informed trading decisions.
#### **Customization:**
- Users can modify the conditions and visual attributes according to their preferences, such as changing colors, sizes, and label positions.
### **Conclusion:**
The "Custom Volume with Arrow Highlight" indicator provides a straightforward and effective way to visualize volume trends and identify key market conditions, aiding traders in their decision-making processes. It combines the power of volume analysis with clear visual cues, making it a valuable tool for technical analysis in trading.
If you need any further modifications or details, let me know!
오픈 소스 스크립트
진정한 트레이딩뷰 정신에 따라 이 스크립트 작성자는 트레이더가 기능을 검토하고 검증할 수 있도록 오픈소스로 공개했습니다. 작성자에게 찬사를 보냅니다! 무료로 사용할 수 있지만 코드를 다시 게시할 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.
오픈 소스 스크립트
진정한 트레이딩뷰 정신에 따라 이 스크립트 작성자는 트레이더가 기능을 검토하고 검증할 수 있도록 오픈소스로 공개했습니다. 작성자에게 찬사를 보냅니다! 무료로 사용할 수 있지만 코드를 다시 게시할 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.