VolumeFlow

29 Jan 2023

Volume & price have a direct correlation with each other. If the fundamental value changes, the price changes and volume follows. If the technicals change, volume changes and price follows.

Because the relationship between volume and price is so connected, I created a script highlighting important volume flow measurements.

The VolumeFlow indicator combines several volume measurements into 1 indicator.

1) Volume net inflow / outflow
2) Volume total flow change
3) Volume cumulation flow

The VolumeFlow indicator uses a scale from 100 high to -100 low, with the zero level being neutral.

The VolumeFlow indicator has 4 inputs:

1) +Volume-
2) VolumeFast
3) VolumeSlow
4) Accum/Dist

Default inputs:

+Volume-
length = 1, color = + green or - red

VolumeFast
length = 2, color = blue

VolumeSlow
length = 3, color = white

Accum/Dist
length = 5, color = brown

Horizontal lines
length = 100, 50, 0, -50, -100, color = white


* The VolumeFlow indicator uses altered pieces of code from my Options360 FibVIP indicator, Tradingview "Up / down volume" indicator and Tradingview "Accumulation/Distribution" indicator. *

1 Feb 2023

Nota Keluaran

Add track value line's option.
Add a Total line calculation of all 4 averaged.