OPEN-SOURCE SCRIPT
Custom Volume with Arrow Highlight v2
Purpose:
This indicator visualizes volume bars in a chart, highlighting specific conditions based on volume trends. It displays arrows above the volume bars to indicate potential bullish or bearish market conditions.
Key Features:
Volume Bars:
The indicator plots volume as columns on the chart.
Volume bars are colored:
White for bullish volume (when the closing price is higher than the opening price).
Blue for bearish volume (when the closing price is lower than the opening price).
Highlight Conditions:
The indicator identifies a sequence of three consecutive volume bars:
The first two bars must be of the same direction (either both bullish or both bearish).
The third bar must be of the opposite direction.
Additionally, the third bar's volume must be greater than the previous bar's volume.
Arrow Indicators:
When the highlight conditions are met:
An upward arrow ("▲") is placed above the third volume bar for bullish conditions (when the third bar is bullish).
A downward arrow ("▼") is placed above the third volume bar for bearish conditions (when the third bar is bearish).
The arrows are colored to match the respective volume bar: white for bullish and blue for bearish.
Adjustable Size:
The arrows are sized appropriately to ensure visibility without cluttering the chart.
Use Cases:
This indicator can help traders identify potential reversals or continuation patterns based on volume behavior.
It is particularly useful for traders focusing on volume analysis to confirm market trends and make informed trading decisions.
Customization:
Users can modify the conditions and visual attributes according to their preferences, such as changing colors, sizes, and label positions.
Conclusion:
The "Custom Volume with Arrow Highlight" indicator provides a straightforward and effective way to visualize volume trends and identify key market conditions, aiding traders in their decision-making processes. It combines the power of volume analysis with clear visual cues, making it a valuable tool for technical analysis in trading.
If you need any further modifications or details, let me know!
This indicator visualizes volume bars in a chart, highlighting specific conditions based on volume trends. It displays arrows above the volume bars to indicate potential bullish or bearish market conditions.
Key Features:
Volume Bars:
The indicator plots volume as columns on the chart.
Volume bars are colored:
White for bullish volume (when the closing price is higher than the opening price).
Blue for bearish volume (when the closing price is lower than the opening price).
Highlight Conditions:
The indicator identifies a sequence of three consecutive volume bars:
The first two bars must be of the same direction (either both bullish or both bearish).
The third bar must be of the opposite direction.
Additionally, the third bar's volume must be greater than the previous bar's volume.
Arrow Indicators:
When the highlight conditions are met:
An upward arrow ("▲") is placed above the third volume bar for bullish conditions (when the third bar is bullish).
A downward arrow ("▼") is placed above the third volume bar for bearish conditions (when the third bar is bearish).
The arrows are colored to match the respective volume bar: white for bullish and blue for bearish.
Adjustable Size:
The arrows are sized appropriately to ensure visibility without cluttering the chart.
Use Cases:
This indicator can help traders identify potential reversals or continuation patterns based on volume behavior.
It is particularly useful for traders focusing on volume analysis to confirm market trends and make informed trading decisions.
Customization:
Users can modify the conditions and visual attributes according to their preferences, such as changing colors, sizes, and label positions.
Conclusion:
The "Custom Volume with Arrow Highlight" indicator provides a straightforward and effective way to visualize volume trends and identify key market conditions, aiding traders in their decision-making processes. It combines the power of volume analysis with clear visual cues, making it a valuable tool for technical analysis in trading.
If you need any further modifications or details, let me know!
סקריפט קוד פתוח
ברוח TradingView אמיתית, מחבר הסקריפט הזה פרסם אותו בקוד פתוח, כך שסוחרים יוכלו להבין ולאמת אותו. כל הכבוד למחבר! אתה יכול להשתמש בו בחינם, אבל השימוש החוזר בקוד זה בפרסום כפוף לכללי הבית. אתה יכול להכניס אותו למועדפים כדי להשתמש בו בגרף.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.