PROTECTED SOURCE SCRIPT
BreathEasyVolumeAnalysis

Outline of Indicator:
Purpose of this indicator?
Main purpose of building this indicator is to help traders who refer Current Month Futures to look for the volumes while they trade on the Index chart, with some added analysis on the volumes.
What it CAN DO?
Traders rely on volume as a key metric because it lets them know the liquidity level of an asset, and how easily they can get into or out of a position close to the current price, which can be a moving target.
Hence I have used some two of powerful indicators to help supporting the volume analysis which is OBV indicator and the Price Volume Trend indicator. Calculations are bit modified to fit best as per the Leniear Regression Box.
Note: Source has been set to Nifty Current Month Expiry Future. If you are a BNF trander source has to be changed manually using the Settings.
Feel free to PM me for any further information.
Regards,
BreathEasy
Purpose of this indicator?
Main purpose of building this indicator is to help traders who refer Current Month Futures to look for the volumes while they trade on the Index chart, with some added analysis on the volumes.
What it CAN DO?
Traders rely on volume as a key metric because it lets them know the liquidity level of an asset, and how easily they can get into or out of a position close to the current price, which can be a moving target.
Hence I have used some two of powerful indicators to help supporting the volume analysis which is OBV indicator and the Price Volume Trend indicator. Calculations are bit modified to fit best as per the Leniear Regression Box.
Note: Source has been set to Nifty Current Month Expiry Future. If you are a BNF trander source has to be changed manually using the Settings.
Feel free to PM me for any further information.
Regards,
BreathEasy
受保护脚本
此脚本以闭源形式发布。 但是,您可以自由使用,没有任何限制 — 了解更多信息这里。
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。
受保护脚本
此脚本以闭源形式发布。 但是,您可以自由使用,没有任何限制 — 了解更多信息这里。
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。