This indicator defines the impact of volume on the volume-weighted moving average, emphasizing trends with greater volume. What determines a security’s value? Price is the agreement to exchange despite the possible disagreement in value. Price is the conviction, emotion, and volition of investors. It is not a constant but is influenced by information, opinions,...
This is a script I remade from 2 previous TDuser's scripts. Thanks community for sharing, I hope you find it useful. φ!
The related article is copyrighted material from Stocks & Commodities 2009 Oct You can change long to short in the Input Settings WARNING: - For purpose educate only - This script to change bars colors.