INVITE-ONLY SCRIPT
VJ_Volume_Longs_Shorts_Indicator
Updated
The indicator is based on the real-time volume in the market, Macd and Bollinger Band.
Green Bars in the histogram indicate high buy volume and prospective long position
Gray Bars indicate low volume and no trade zone
Red Bars indicate high sell volume and prospective short position
Best used with Bitcoin.
Could use this indicator along with your favorite indicator to get to know the direction of the market with respect to volume and since this is a script, you can set alerts too.
Happy Trading
Green Bars in the histogram indicate high buy volume and prospective long position
Gray Bars indicate low volume and no trade zone
Red Bars indicate high sell volume and prospective short position
Best used with Bitcoin.
Could use this indicator along with your favorite indicator to get to know the direction of the market with respect to volume and since this is a script, you can set alerts too.
Happy Trading
Release Notes
// Improved capability of catching those whale pumps and dumps.Release Notes
// Made some minor changes to the short signal conditionRelease Notes
// Made changes to the visuals// Added tick option for trend alerts to be shown in form of changed bar colors or green/red triangles below/above the candles.
// Made tiny changes to the buy/sell signal conditions improving the accuracy a bit
Invite-only script
Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact vjsharma89 for more information, or follow the author's instructions below.
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