Best Volume Indicator - BTC
In order to make more sense of trading volume in crypto …
Based on the Better Volume Indicator (curtesy of Emini-Trading (emini-watch.com/free...ff/volume-indicator/) and the TradingView Adaption by LazyBear (www.tradingview.com/v/LfVJhuir/).
My tweaks/adaptations:
- altered the calculation of low volume (c11) in the LB adaptation since it represents the original code better (in my opinion)
- takes volume of multiple exchanges into consideration
- added standard-deviation bands in order to identify peak amount of trading volume
- added three EMA's in order to assess the amount of trading volume even better
- changed the color coding of the original Better Volume Indicator (my preference)
volume climax up = green (instead of red)
volume climax down = red (instead of white)
low volume = yellow
churn = blue (instead of green)
climax + churn = purple
"normal" volume = gray (instead of cyan)
Based on the Better Volume Indicator (curtesy of Emini-Trading (emini-watch.com/free...ff/volume-indicator/) and the TradingView Adaption by LazyBear (www.tradingview.com/v/LfVJhuir/).
My tweaks/adaptations:
- altered the calculation of low volume (c11) in the LB adaptation since it represents the original code better (in my opinion)
- takes volume of multiple exchanges into consideration
- added standard-deviation bands in order to identify peak amount of trading volume
- added three EMA's in order to assess the amount of trading volume even better
- changed the color coding of the original Better Volume Indicator (my preference)
volume climax up = green (instead of red)
volume climax down = red (instead of white)
low volume = yellow
churn = blue (instead of green)
climax + churn = purple
"normal" volume = gray (instead of cyan)
Versionsinformation:
Adapted the Volume Sources;
removed the "EnableBarColor" option
removed the "EnableBarColor" option