capriole_charles

Attributable Volume

A volume indicator which calculates "Attributable Volume”, the portion of volume which contributed to the direction in which the candle moved.

Attributable Volume is calculated as: Total volume excluding the "counter wick" volume .
Where for a green (up) candle, the "counter wick" volume is the top wick volume .

In theory, Attributable Volume should better represent the effort of directional thrust of each candle.

By default, this indicator displays “Attributable RVOL”, but can be set to:

Note: RVOL = Relative Volume , the current volume divided by the Volume moving average. RVOL can be used to identify major moves, and potential starts/ends to trends.
Keluarkan daripada Skrip Pilihan Tambah kepada Skrip Pilihan
👑 Beat Bitcoin with premium TradingView algos --> http://www.capriole.io/indicators

Komen

This is a fantastic idea. Thank you for sharing!
Fun modification : instead of using a static threshold, maybe plot a 2 and 4 deviation Bollinger band and see which volume candles shoot past them.
Cheers!
+6 Balas
You said ROVL can be used to spot major moves. When should Attributable RVOL be used?
Thanks in advance for reply.
Balas
good job
Balas
Hello, how to use this strategy
Balas
yizhifei yizhifei
@yizhifei, I'm a rookie. I'm a troublemaker. Take me
Balas
Good job mate
Balas
yizhifei Ereginabrantley
@Ereginabrantley, Hello, how to use this strategy
Balas
Awesome work!
Balas
Great work as always!
Balas
capriole_charles blockchain2k
@blockchain2k, thank you!
Balas
Laman Utama Penyaring Saham Penyaring Forex Penyaring Kripto Kalendar Ekonomi Bagaimana ia berfungsi Ciri-ciri Carta Harga Rujuk rakan Peraturan Dalaman Pusat Bantuan Laman web dan Penyelesaian Broker Widget Penyelesaian Pencartaan Perpustakaan Pencartaan yang Ringan Blog & Berita Twitter
Profil Tetapan Profil Akaun dan Pengebilan Kawan-kawan yang dirujuk Coin Tiket Sokongan Saya Pusat Bantuan Idea yang diterbitkan Pengikut Mengikuti Mesej Peribadi Sembang Daftar Keluar