OPEN-SOURCE SCRIPT
Volume candle by Moond
Indicator Description: Equal Volume Candle Chart
This indicator creates a real-time candlestick chart where each candle forms upon the completion of a specific volume threshold, rather than within fixed time intervals. The candles update dynamically based on the total volume traded, providing a unique perspective that incorporates market activity directly into price movements.
Key Features:
Dynamic Candles Based on Volume: Candles form when a defined lot size of volume is reached, making each candle represent consistent trading activity rather than a fixed time period.
Customizable Volume Lot Size: Users can easily adjust the volume threshold to suit different trading styles or asset classes.
Real-Time Market Reflection: The chart responds to changes in market volume, offering a clearer view of market intensity and momentum.
Concept Behind the Indicator: Traditional candlestick charts operate on time intervals, which can ignore the influence of volume in price changes. By basing the candle formation on equal volumes, this indicator integrates both price and traded volume into the visual representation, helping traders capture key shifts in market sentiment and activity that might be missed on time-based charts
This indicator creates a real-time candlestick chart where each candle forms upon the completion of a specific volume threshold, rather than within fixed time intervals. The candles update dynamically based on the total volume traded, providing a unique perspective that incorporates market activity directly into price movements.
Key Features:
Dynamic Candles Based on Volume: Candles form when a defined lot size of volume is reached, making each candle represent consistent trading activity rather than a fixed time period.
Customizable Volume Lot Size: Users can easily adjust the volume threshold to suit different trading styles or asset classes.
Real-Time Market Reflection: The chart responds to changes in market volume, offering a clearer view of market intensity and momentum.
Concept Behind the Indicator: Traditional candlestick charts operate on time intervals, which can ignore the influence of volume in price changes. By basing the candle formation on equal volumes, this indicator integrates both price and traded volume into the visual representation, helping traders capture key shifts in market sentiment and activity that might be missed on time-based charts
开源脚本
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免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。
开源脚本
秉承TradingView的精神，该脚本的作者将其开源，以便交易者可以查看和验证其功能。向作者致敬！您可以免费使用该脚本，但请记住，重新发布代码须遵守我们的网站规则。
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。