OPEN-SOURCE SCRIPT

Simple Volume Indicator

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Volume is an important indicator in technical analysis because it is used to measure the relative significance of a market move.
The higher the volume during a price move, the more significant the move and the lower the volume during a price move, the less significant the move.

here i made some changes using Significant volume which helps to see the Price moment

Black = Unconsumed Selling
Blue = Exceptional Buying Strength
Yellow = Demand Strength

The Supply–Demand Battle
Think of it like this:

Black bar = supply waiting to be absorbed.

Blue = demand stepping in to absorb supply.

Yellow = Strength of move

If Black dominate without follow-up blue/yellow, price struggles.

If blue/yelow appear after Black, it signals buyers are winning.

Penafian

Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.