This script plots exponential moving average (EMA) of volume (line chart) together with spike threshold (area chart) offset by 1 bar. The idea is to detect sudden increase (spike) in volume when volume EMA crosses above the threshold which is calculated by multiplying a multiple in EMA of the previous bar. This is used for setting alerts on changes of volume to...
Bars of largest range (volatility) * see moments of strongest price action immediately * colored & upDown by candle color * amplifier: you see only the bull runs, and subsequent dumps Very nice on the 5 years scale of BITSTAMP:BTCUSD - nothing comparable to 2013 has happened yet. Internals: squared_range = pow(high-low, 2) That is...
**You must enable bar colors in the options for the script if you wish to see them** This indicator is very useful for spotting trends / tops / bottoms. This is the ultimate altcoin pump spotting tool. Use on higher timeframes for greatest accuracy. If altcoin is newish (ZEC for example), try 4h rather than 1D or 3D. Green = Uptrend Red = Downtrend Gray =...