OPEN-SOURCE SCRIPT
Horizontal Volume
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Plot the last length volume observations horizontally on the price graph by using rescaling, with a position relative to the price highest, lowest, or moving average. Note that the indicator is subject to repainting.
Settings
Details
The relative position setting determines how the histogram bars are plotted, by default "Lowest", this set the base of the plot at the lowest src value over length periods.
If "Highest" is selected, the base become the highest src value over length periods.
Finally "Moving Average" set the base value equal to the price moving average with period length, however this mod work differently, as it allows the bars to have a "negative" value.
Negative bars indicates that the volume at that precise point is lower than the mean of the last length volume observations.
The gradient tells you how close the volume is to the maximum value of the last length volume observations, with bluer colors indicating a volume closer to its maximum value.
Usage
The indicator gives you information on the volume, but you can use it more creatively since it can be really close to the price. For example, you can make support and resistances from the indicator:
Here we make a resistance from the highest bars displayed by the indicator. If you have other ideas feel free to share.
Summary
Rescaling is nice, and line.new allows you to plot pretty much everything you want, in the order you want, this is how this script was achieved.
Neko emojis are cutes, if you see one, try including it to your scripts, don't overdo it tho, as they can be quite intrusive. They won't mess up with your code as long as you give them a //
Settings
- Length: Determine the number of histogram bars to be plotted
- Src: Determine the scale of the indicator
- Relative Position: Determine how the bars are plotted
- Unicolor: If TRUE, the histogram bars will have the same color, else the color is a gradient.
Details
The relative position setting determines how the histogram bars are plotted, by default "Lowest", this set the base of the plot at the lowest src value over length periods.
If "Highest" is selected, the base become the highest src value over length periods.
Finally "Moving Average" set the base value equal to the price moving average with period length, however this mod work differently, as it allows the bars to have a "negative" value.
Negative bars indicates that the volume at that precise point is lower than the mean of the last length volume observations.
The gradient tells you how close the volume is to the maximum value of the last length volume observations, with bluer colors indicating a volume closer to its maximum value.
Usage
The indicator gives you information on the volume, but you can use it more creatively since it can be really close to the price. For example, you can make support and resistances from the indicator:
Here we make a resistance from the highest bars displayed by the indicator. If you have other ideas feel free to share.
Summary
Rescaling is nice, and line.new allows you to plot pretty much everything you want, in the order you want, this is how this script was achieved.
Neko emojis are cutes, if you see one, try including it to your scripts, don't overdo it tho, as they can be quite intrusive. They won't mess up with your code as long as you give them a //
Nota Keluaran
fixed indicator behavior when volume is naSkrip sumber terbuka
Dalam semangat sebenar TradingView, penulis telah menerbitkan kod Pine ini sebagai sumber terbuka supaya pedagang dapat memahami dan mengesahkannya. Sorakan kepada penulis! Anda boleh menggunakan perpustakaan ini secara percuma, tetapi penggunaan semula kod dalam penerbitan ini adalah dikawal oleh Peraturan dalaman. Anda boleh menyukainya untuk menggunakannya pada carta.
Check out the indicators we are making at luxalgo: tradingview.com/u/LuxAlgo/
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.