LastBattle

Dollar normalized volume

An indicator that multiply the closing price with the current volume . (close X volume )

This will show the relative interest in the underlying asset regardless of the price change over time. For the case of FXCM, when the price fell from $16 to $1, its volume spiked 16x at the same time given the fact that 16x more shares can now be purchased with the same amount of dollar.

Enjoy! and remember to give a thumbs up.
סקריפט קוד פתוח

ברוח TradingView אמיתית, מחבר סקריפט זה פרסם אותו עם קוד פתוח, כך שסוחרים יוכלו להבין ולאמת זאת. הידד למחבר! אתה יכול להשתמש בו בחינם, אך שימוש חוזר בקוד זה בפרסום הנו בכפוף ל כללי הבית . אתה יכול להגדירו כמועדף ולהשתמש בו בגרף.

רוצה להשתמש בסקריפ זה בגרף?
study("dollar normalized volume", shorttitle="dollar normalized volume")

getVolume(closed, volumed) => closed * volumed

val = getVolume(close, volume)

// draw one that's 3x the price, so we can fake that bars to half itself
//plot(val * 1.5, title='Volume (Invisible)', color=black, transp=100, linewidth=0, style=columns)
plot(val, title='Volume', color=gray, transp=0, linewidth=0, style=columns)
may the light of bitcoin be with you

תגובות

Very healthy idea, thanks.
+1 השב
Hi @LastBattle

Awesome idea! Would you be able to code this to be a "Cumulative DNV" ? That would be awesome for intraday/FIFO
השב
i cant tellt he difference between normal volume and this indicator, what am i missing?
השב
Do uncomment out the following line:

'plot(val * 1.5, title='Volume (Invisible)', color=black, transp=100, linewidth=0, style=columns)'

if you're looknig to display it on the main chart itself:

השב