OPEN-SOURCE SCRIPT
Vvol-rsivol-wma
This indicator give you the ability to look on volume from 3 different view
1.v volume which similar to VPT
2.vWMA
3.RSI volume
since each calculate volume different I had to normalize it and by that I made new nice indicator that give you the ability to see the best buy and sell place by volume
black is for vwma
rsi is in blue
and v is green red
a nice trick for best buy
wma=0 and v cross up 20 --volume start to rise up
best sell-wma=100 and c crossunder 80
and then just look on rsi
:)
1.v volume which similar to VPT
2.vWMA
3.RSI volume
since each calculate volume different I had to normalize it and by that I made new nice indicator that give you the ability to see the best buy and sell place by volume
black is for vwma
rsi is in blue
and v is green red
a nice trick for best buy
wma=0 and v cross up 20 --volume start to rise up
best sell-wma=100 and c crossunder 80
and then just look on rsi
:)
Open-source script
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.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
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.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.