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Volume Flow v3

DepthHouse Volume Flow indicator is used to help determine trend direction strictly based on Negative and Positive volume data.

How to Read:
- Moving Average crossovers are used to help determine a possible trend change or retracement.
- The area cloud on the bottom is calculated by the difference of the moving averages. This could be used to help determine the trending volume strength.
- Bright colored volume bars are large volume spikes calculated by the x factor in the options.

Other changes:
- DepthHouse is going open source with numerous of its indicators. This is only one of many!
- Volume is now displayed without being altered for calculations.
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Can you explain "the x factor in the options"? It looks like an arbitrary value not tied to options at all but plays an important part in the calculation.

How are you suggesting people use this to find a trading edge?
+5 Cevap Gönder
script of the year for me. thanks
+1 Cevap Gönder
cooper_5e cooper_5e
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lanatmwan cooper_5e
@cooper_5e, so you bought on the yellow plus box or what?
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cooper_5e lanatmwan
@lanatmwan, no the focus is the volume script showing bear bull crossover so example june bull volume (blue) ran and the price climbed 2k
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Nice and interesting idea, as an another way to look at the On Balance Volume. I like that.
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Is there a way to replace the normal volume on my main chart with this?
+1 Cevap Gönder
This looks decent, looking foward to trying it out
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It’d be better understand the boule spikes. I don’t get it no matter how many times I look at it & adjust it to understand. Can you explain what makes a volume highlighted in English please.
+1 Cevap Gönder
May i ask you a question?

"What is the meaning of "factor for breakout candle" in volume flow strategy, why 3.1 ?
+6 Cevap Gönder
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