Volume Tick Experiment

2023年5月10日

This ticks-based indicator provides real-time volume information for a trading asset. Volume is analyzed and updated continuously, not just at candle close. It is based on DGT's Bull vs Bear Power indicator but adds a gas signal that activates when buying or selling volume percentage reaches a predetermined threshold.

This indicator can also help traders determine the direction and aggressiveness of pushes in buying or selling volume. By monitoring the volume percentages and gas signals, traders can get an idea of whether the market is pushing in a particular direction and how strong the push is. This information can be helpful in making trading decisions and identifying potential entry or exit points.

The indicator uses open, high, low, and close prices of the asset to calculate volume information. It determines the average volume over a selected period and calculates volume for both buying and selling. This information is used to calculate the percentage of buying and selling volume. A gas signal is triggered when either the buying or selling percentage reaches a predetermined threshold.

Enjoy!

2023年5月10日

發行說明

Group calculation and drawing better (no algorithm change)

2023年6月6日

發行說明

Added option to change default line size

2023年7月8日

發行說明

• More control over options
  
• Grow/Shrink coloring
  

2024年9月6日

發行說明

Option to allow width of signal display to adjust to candle thickness- now that we have volume candles display mode in TV.

2024年9月6日

發行說明

Fix BUG: Settings not applied to correct signal.