[Kronorium] Volume-Based Regime Changes
Color coded indicator that depicts different types of unusual volume activity.
Arrows along the top will signify bearish or bullish presence. Blue arrows on the bottom indicate a bullish-regime entering, conversely, red arrows along the top will indicate a bearish-regime entering.
Unusual Volume is displayed along the top of the screen as yellow flags. This alert is agnostic-- no particular direction. At this point you must consult moving averages, or other price related indicators to decide a direction.
Volume alerts are calculated against the variable "Volume Lookback" -- volume within this window will be referenced against itself. Whenever volume expands or contracts beyond the windowed-range, alerts will be dispatched accordingly in that direction.
Arrows along the top will signify bearish or bullish presence. Blue arrows on the bottom indicate a bullish-regime entering, conversely, red arrows along the top will indicate a bearish-regime entering.
Unusual Volume is displayed along the top of the screen as yellow flags. This alert is agnostic-- no particular direction. At this point you must consult moving averages, or other price related indicators to decide a direction.
Volume alerts are calculated against the variable "Volume Lookback" -- volume within this window will be referenced against itself. Whenever volume expands or contracts beyond the windowed-range, alerts will be dispatched accordingly in that direction.
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Update default values
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Update script-name, update default chart picture on TradingView-preview
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Added new UI features:
- Set chart background color to bullish (blue) or bearish (red) regime
- Set candle/bar color to bullish (blue) or bearish (red) regime
- Table on chart to show current regime, and bullish/bearish momentum changes
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NEW
- Add institutional activity (beta)
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Code clean up