MVolume‴ | Multi Volume Indicator‴

Hello Traders!

This simple but yet efficient indicator view presents the Volume with the following benefits:

1. both buyer and seller volume are shown separately and above zero line, this way its possible to see which side is dominant;

2. both buyer and seller volume are shown separately, with buyers above the zero line and sellers bellow the zero line. The dominant side is shown in its darker color version;

3. 20 period Moving Average line is calculated separately and plotted for each side (buyer/seller);

4. 50% of the 20 period Moving Average line is calculated separately and plotted for each side (buyer/seller);

5. possibility to apply Directional OHLC values to enhance the buyer/seller movement interpretation.


p.s.: the chart presents two MVol indicators to let you see the different possible views.


To request access to this invite-only script, please DM me.

Versionsinformation:

Just minor adjustment to the INPUT panel.

Versionsinformation:

What's New
- runs on Pine 4
- size arrow for buyer (blue) and seller (red) bar slice: show you if the current slices are greater or not if compared to the previous bar slices
- provides buyer and seller slice percentage and average number of trades

Versionsinformation:

Now you are allowed to visualize the accumulated volume and you define the best period to view it for you asset.
This is a game changing for your analysis!

Versionsinformation:

(updating the right chart)

Versionsinformation:

(one more chart update, now with description)

Versionsinformation:

Now you can plot the Volume with a Accumulated format and you define the period to be considered.

Look at the image, the:
1. top MVol: is the regular volume you are already familiar, where the buy and sell partitions of each volume bar are shown separately;
2. bottom MVol: is the 5 period Accumulated Volume. Notice how the buy blue bars takes controle during a certain period of time and than the sell red bars take over during the next time period of time.

Hope you like it!

Versionsinformation:

Just minor but important updates:
1. now the volume can be ploted with an accumulated format;
2. it's possible to choose the desired period to present accumulated volume. The pre-defined period values are: 6, 20, 72, 100, 200;
3. there's a field to enter your prefered accumulated volume period.