Stef's Dollar Volume Counter

18 Jul

Stef's Dollar Volume Counter is my second script that I've worked on and coded. I am proud of this script because it does something very, very important: it counts the AMOUNT of money traded, not just the amount shares/contracts traded. This is key for understanding where the big and small money is.

This script is totally different from other Volume scripts because it shows the amount of money traded, NOT the shares/contracts/coins etc. Also, more importantly, it is different from other volume indicators in the same space because this script is specifically focused on showcasing specific dollar volume amounts either as a table or as a label.

Here are the 5 key features you can utilize with this:


1. Customizable Gradient Colors for BIG money and SMALL money: Visually distinguishes between high and low dollar volumes. Change the colors as needed in the indicator settings menu.

2. Dollar Volume Counter Table: Positioned at the bottom right of the chart, this table provides quick insights into the highest, lowest, and average dollar volumes over a specified period. You can customize the time period in the settings menu.

3. "Wow! Much Money!" Labels: Highlights the top three recent highest dollar volumes within the visible chart area, emphasizing significant trading periods. Also, it's hilarious :)

4. Customize the period for volume analysis, ranging from 1 to 12 months or more, with the selected timeframe displayed in the table.

5. It opens as a new pane below the chart so that you can still analyze price and more, as needed.

Thanks for reading! I look forward to hearing your feedback. This script will be updated to expand on more concepts and I'll add some cool features soon.

22 Jul

Nota Keluaran

I just launched two super important updates to make Stef's Dollar Volume Counter a little more powerful. Check this out people:

1. I added a feature to add a moving average to the Dollar Volume Bars so that you may get a feel for ebb and flow of the dollar volume traded over time.

2. Perhaps most important, is that now in the Settings menu you can adjust your Dollar Volume calculations for the M2 money supply over time. This means, it'll show a somewhat "inflation adjusted" view of dollar volume over time when you toggle this feature on. This is perhaps my pride and joy of this indicator and I just LOVE this feature considering all the talk about inflation.

Please keep the feedback coming!

Also, I must say special thanks to all the Pine Coders out there who help, share great code, and also work in the open source format. All of this helps greatly.

24 Jul

Nota Keluaran

A few more updates that I'm working on:

1. Adding an Oscillator feature so you can see the Dollar Volume as an Oscillator over time, spotting expansions and contractions as opposed to just sheer dollar volume.

2. Indexing the Dollar Volume chart to 100 so that, no matter where you start from, you can track a rise and fall over time from a specific starting point.

3. I also updated a few other simple Pine Script text components.

24 Jul

Nota Keluaran

A few minor quick updates.