OPEN-SOURCE SCRIPT
Volume Flow Direction
The indicator is showing you volume flow direction - sustained flow in one direction (green or red dominance) suggests institutional participation that often precedes price movement in that direction. Use in combination with Cumulative Volume Histogram to spot divergences.
Key Interpretation Guidelines:
1. Trend Direction:
- Sustained green dominance suggests underlying buying pressure (bullish)
- Sustained red dominance suggests underlying selling pressure (bearish)
2. Signal Line Crossings (more important than just height):
- Bullish signal: When the combined buffer (white line) crosses above the green signal line
- Bearish signal: When the combined buffer crosses below the red signal line
3. Divergences (most powerful signals):
- Bullish divergence: Price makes lower lows but indicator makes higher lows (green area grows)
- Bearish divergence: Price makes higher highs but indicator makes lower highs (red area deepens)
Practical Trading Interpretation:
Current Market Bias:
- Bullish bias: Green area consistently above zero line
- Bearish bias: Red area consistently below zero line
- Neutral: Indicator oscillating around zero with neither color dominating
Confirmation Factors:
1. Signal Method Context: Your chosen signal method (Percentage, Fixed, etc.) determines the thresholds
2. Trading Style Setting: Different styles (Range/Trend/News) use different parameters
3. Timeframe Consistency: Longer dominance (multiple bars) is more significant than brief spikes
Key Interpretation Guidelines:
1. Trend Direction:
- Sustained green dominance suggests underlying buying pressure (bullish)
- Sustained red dominance suggests underlying selling pressure (bearish)
2. Signal Line Crossings (more important than just height):
- Bullish signal: When the combined buffer (white line) crosses above the green signal line
- Bearish signal: When the combined buffer crosses below the red signal line
3. Divergences (most powerful signals):
- Bullish divergence: Price makes lower lows but indicator makes higher lows (green area grows)
- Bearish divergence: Price makes higher highs but indicator makes lower highs (red area deepens)
Practical Trading Interpretation:
Current Market Bias:
- Bullish bias: Green area consistently above zero line
- Bearish bias: Red area consistently below zero line
- Neutral: Indicator oscillating around zero with neither color dominating
Confirmation Factors:
1. Signal Method Context: Your chosen signal method (Percentage, Fixed, etc.) determines the thresholds
2. Trading Style Setting: Different styles (Range/Trend/News) use different parameters
3. Timeframe Consistency: Longer dominance (multiple bars) is more significant than brief spikes
開源腳本
秉持TradingView一貫精神，這個腳本的創作者將其設為開源，以便交易者檢視並驗證其功能。向作者致敬！您可以免費使用此腳本，但請注意，重新發佈代碼需遵守我們的社群規範。
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。