PROTECTED SOURCE SCRIPT
已更新 [g8] Volume Observer Basic

A simple indicator to highlight surges and drops in recent average volume with custom settings and alerts.
How to interpret the signals: A white signal indicates a surge in recent average volume, meaning we expect a probable move in the direction of the highlighted candle. A gray signal is the opposite: a drop in volume suggesting the current move is losing momentum and may be nearing it's conclusion. Keep in mind that a surge does not always mean bullishness and a drop does not always mean a drop in price is coming, but rather view these signals as the market's interest in continuing or ending the current move.
I made this indicator because I'm terrible at interpreting regular volume bars. I hope you find it useful.
How to interpret the signals: A white signal indicates a surge in recent average volume, meaning we expect a probable move in the direction of the highlighted candle. A gray signal is the opposite: a drop in volume suggesting the current move is losing momentum and may be nearing it's conclusion. Keep in mind that a surge does not always mean bullishness and a drop does not always mean a drop in price is coming, but rather view these signals as the market's interest in continuing or ending the current move.
I made this indicator because I'm terrible at interpreting regular volume bars. I hope you find it useful.
版本注释
A shorter period average volume is compared to a longer period average volume. When the shorter average rises above the longer average, a spike signal (white) is produced. When that comparison shows a drop in relative volume, a drop signal (gray) is produced. 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。