Volume Trends

This script provides clear volume trends on any time frame. You set a long term volume trend moving average (ex 100 periods). A shorter term MA of your choice (10 in this example) will oscillate above and below based on the standard deviations of its current value relative to the long term #.

Similarly, large volume bars are plotted in terms of st dev above the long term MA.

Very useful in spotting capitulation bottoms and/or blow-off tops.

הערות שחרור:

Updated picture.