OPEN-SOURCE SCRIPT

Horizontal Volume

已更新
Plot the last length volume observations horizontally on the price graph by using rescaling, with a position relative to the price highest, lowest, or moving average. Note that the indicator is subject to repainting.

Settings

  • Length: Determine the number of histogram bars to be plotted
  • Src: Determine the scale of the indicator
  • Relative Position: Determine how the bars are plotted
  • Unicolor: If TRUE, the histogram bars will have the same color, else the color is a gradient.


Details

The relative position setting determines how the histogram bars are plotted, by default "Lowest", this set the base of the plot at the lowest src value over length periods.

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If "Highest" is selected, the base become the highest src value over length periods.

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Finally "Moving Average" set the base value equal to the price moving average with period length, however this mod work differently, as it allows the bars to have a "negative" value.

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Negative bars indicates that the volume at that precise point is lower than the mean of the last length volume observations.

The gradient tells you how close the volume is to the maximum value of the last length volume observations, with bluer colors indicating a volume closer to its maximum value.

Usage

The indicator gives you information on the volume, but you can use it more creatively since it can be really close to the price. For example, you can make support and resistances from the indicator:

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Here we make a resistance from the highest bars displayed by the indicator. If you have other ideas feel free to share.

Summary

Rescaling is nice, and line.new allows you to plot pretty much everything you want, in the order you want, this is how this script was achieved.

Neko emojis are cutes, if you see one, try including it to your scripts, don't overdo it tho, as they can be quite intrusive. They won't mess up with your code as long as you give them a //



發行說明
fixed indicator behavior when volume is na
horizontalrepaintrescalingVolume

開源腳本

在真正的TradingView精神中,這個腳本的作者以開源的方式發佈,這樣交易員可以理解和驗證它。請向作者致敬!您可以免費使用它,但在出版物中再次使用這段程式碼將受到網站規則的約束。 您可以收藏它以在圖表上使用。

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Check out the indicators we are making at luxalgo: tradingview.com/u/LuxAlgo/
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