alexgrover

Horizontal Volume

Plot the last length volume observations horizontally on the price graph by using rescaling, with a position relative to the price highest, lowest, or moving average. Note that the indicator is subject to repainting.

Settings

  • Length: Determine the number of histogram bars to be plotted
  • Src: Determine the scale of the indicator
  • Relative Position: Determine how the bars are plotted
  • Unicolor: If TRUE, the histogram bars will have the same color, else the color is a gradient.

Details

The relative position setting determines how the histogram bars are plotted, by default "Lowest", this set the base of the plot at the lowest src value over length periods.


If "Highest" is selected, the base become the highest src value over length periods.


Finally "Moving Average" set the base value equal to the price moving average with period length, however this mod work differently, as it allows the bars to have a "negative" value.


Negative bars indicates that the volume at that precise point is lower than the mean of the last length volume observations.

The gradient tells you how close the volume is to the maximum value of the last length volume observations, with bluer colors indicating a volume closer to its maximum value.

Usage

The indicator gives you information on the volume , but you can use it more creatively since it can be really close to the price. For example, you can make support and resistances from the indicator:


Here we make a resistance from the highest bars displayed by the indicator. If you have other ideas feel free to share.

Summary

Rescaling is nice, and line.new allows you to plot pretty much everything you want, in the order you want, this is how this script was achieved.

Neko emojis are cutes, if you see one, try including it to your scripts, don't overdo it tho, as they can be quite intrusive. They won't mess up with your code as long as you give them a //



릴리즈 노트: fixed indicator behavior when volume is na
즐겨찾기 스크립트에서 빼기 즐겨찾기 스크립트에 넣기
Patreon: https://www.patreon.com/alexgrover

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You can also check out some of the indicators I made for luxalgo : https://www.tradingview.com/u/LuxAlgo/#published-scripts

코멘트

Keep it up Alex; looking forward to seeing all your future work =D
+2 응답
Very Interesting.
+2 응답
Wow! That's impressive, and nekos have a good life haha
+2 응답
@Owl, Nekos have a comfy place to stay x) I hope I'll see some of them elsewhere
+1 응답
홈으로 스탁 스크리너 포렉스 스크리너 크립토 스크리너 이코노믹 캘린더 사용안내 차트 특징 프라이싱 프렌드 리퍼하기 하우스룰(내부규정) 헬프 센터 웹사이트 & 브로커 솔루션 위젯 차팅 솔루션 라이트웨이트 차팅 라이브러리 블로그 & 뉴스 트위터
프로화일 프로화일설정 계정 및 빌링 리퍼드 프렌즈 코인 나의 서포트 티켓 헬프 센터 공개아이디어 팔로어 팔로잉 비밀메시지 채팅 로그아웃