Volume x Price

This is a simple indicator that calculates volume times price (money volume). Both asset volume and money volume are important indicators in TA. As you can see in the chart above, money volume (moving average) was increasing while the asset volume was not during late 2017. This could have led to wrong interpretations. Money volume becomes more important to consider when the difference in asset price is 'relatively' high.

Features:

- In addition to default options on volume indicator, it is possible to color volume bars based on "money flow multiplier" sign (close-(low+high)/2)
- Money factor can be disabled to show regular volume

Note: Most exchanges show asset volume but there are some like Bitmex that show money volume. Using this indicator on Bitmex type tickers should be avoided.

PS: I couldn't find any indicator for money volume so I had to develop this.

Your feedback is very welcome. If you know similar indicators, please let me know.

版本注释

Fixed a bug related to Moving Average Length.

Here is another interesting chart:

开源脚本

本着TradingView的真正精神，此脚本的创建者将其开源，以便交易者可以查看和验证其功能。向作者致敬！虽然您可以免费使用它，但请记住，重新发布代码必须遵守我们的网站规则。

cI8DH

免责声明

这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。

开源脚本

cI8DH

免责声明

这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。