OPEN-SOURCE SCRIPT
Volume MA - Layering
Updated
Provides a volume moving average to show trends in volume. Meant to be used with Volatility MA, and Vol of Vol MA, layered on top of eachother.
Release Notes
This script shows the volume of a given stock, relative to the historical volume within the measurement window, so you can see the volume trending up or down rather than absolute values. I layer this with the "Historical Volatility MA - Layering." I have removed the slow moving average line and instead combined, so the fast moving average of the volume is now based on the difference between it and the slow moving average. Previously, the difference between current and historical could sometimes cause the slow line to be flattened out.
Release Notes
Updated to a default timeframe of 4 hours. I found the "same as chart" setting to be less useful when getting to 1H/2H views. Release Notes
Last script had error, corrected now.Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
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