OPEN-SOURCE SCRIPT

Volume Average % Cross - Default

Volume Average Percentage Cross Indicator - Default

This version is specialized for notifications on your volume bars. If you wish to see notifications on your chart please choose "Volume Average Percentage Cross Indicator - Chart".

What is the Volume Average % Cross - Chart Indicator you might ask yourself - what is it for?

I will tell you!

Use Case:
In my Indicator you have an Input to set the period for the volume average period.
Once the volume average period is calculated it is now necessary to choose the percentage value.

What is the percentage value?

The percentage value multiplies the past volume bar with a positive percentage value and a negative percentage value. I give this calculation the name "VolPercentage".

If the volume average is below the negative VolPercentage Value it means that the last volume bar is stronger than the volume average period by the percentage you set the percentage value input at.
If the volume average is above the positive VolPercentage Value it means that the last volume bar is weaker than the volume average period by the percentage you set the percentage value input at.

That means that if for example the percentage value would be 20 it would require the volume average to be 20% above the past volume bar.
That means that if for example the percentage value would be 20 it would require the volume average to be 20% lower than the past volume bar.

Once I uploaded my 100 Indicators I will accurately describe each indicator with videos, this will be huge!

Interpretation:
Volume is the amount of market participants who bought in a candlestick bar a set amount of shares at varying prices from within the bar itself.

If volume decreases it means that there has been fewer market participants and if it increases it means that there is an increase of market participants.

If this is used with candlestick patterns it helps tremendously to identify strong or weak doji candlesticks .
volumebarsvolumepercentagevolumepercentagecrossVolume

开源脚本

本着真正的TradingView精神,此脚本的作者已将其开源,以便交易者可以理解和验证它。向作者致敬!您可以免费使用它,但在出版物中重复使用此代码受网站规则约束。 您可以收藏它以在图表上使用。

想在图表上使用此脚本?

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