Cumulative Volume vs Price Movement (by Andy)
This script uses cumulative volume and the opening / closing price of the current bar to determine potential shifts in trend.
Potential long positions are identified by the green squares, short positions by the maroon squares and the blue squares indicate insufficient data.
A custom alert can also be added on the indicator window to notify you of an impending shift.
Potential long positions are identified by the green squares, short positions by the maroon squares and the blue squares indicate insufficient data.
A custom alert can also be added on the indicator window to notify you of an impending shift.