Volume Candles Standardized (VCS)

13 Kas 2022

This is an indicator that shows the inflow and outflow of volume into a financial instrument. Volume is likely one of the most underrated source of data in trading unfortunately so there seems to be a lack of studies on it. The size of the candle is related to the strength of the move. The calculations for this are: cumulative sum of +volume if open < close OR -volume if open > close. I have added percentile bands so you know where the neutral zones and strong zones are. Interestingly you can also see what the volume is doing by watching where the neutral zone is. If the volume is in the red or green it is a strong move. This is standardized to make it more useful. Now you can see where the exhaustion points are on the short term. Dont forget you can change the settings and you wont die. Thank you for your interest in this release I hope you find great piles of money with it.

14 Kas 2022

Sürüm Notları

I added an option for obv calculations instead of cumulative volume

14 Kas 2022

Sürüm Notları

changed the name lol