OPEN-SOURCE SCRIPT
Cumulative Volume Value (BTC)
The Cumulative Volume Value (BTC) indicator is designed to visualize and analyze cumulative volume data specific to Bitcoin. This indicator provides insights into the total volume transacted over a time, aiding in understanding market activity and potential value of Bitcoin.
It considers whether the closing price is greater than the opening price over the defined length, adding or subtracting volume accordingly.
The Cumulative Volume Value (BTC) indicator offers a valuable perspective on Bitcoin's market activity by visualizing cumulative volume and providing insights into potential market tops, bottoms, and the relationship between volume and BTC value movements.
Peaks in the cumulative volume might suggest potential tops in the BTC market, indicating periods of intense trading activity.
Conversely, bottoms in cumulative volume might signal potential market bottoms, representing phases of reduced trading activity or consolidation.
This is how human psychology works. The greatest activity is close to the peak and the worst when the price of BTC has decreased to the level when people lose interest and faith in the cryptocurrency market and the volume of trades falls, then the best time to buy.
Important Considerations:
Historical patterns suggest a relationship between cumulative volume and market tops/bottoms, but this indicator should be used in conjunction with other technical analysis tools for informed trading decisions.
Past performance of cumulative volume in relation to market tops or bottoms does not guarantee future outcomes in financial markets.
It considers whether the closing price is greater than the opening price over the defined length, adding or subtracting volume accordingly.
The Cumulative Volume Value (BTC) indicator offers a valuable perspective on Bitcoin's market activity by visualizing cumulative volume and providing insights into potential market tops, bottoms, and the relationship between volume and BTC value movements.
Peaks in the cumulative volume might suggest potential tops in the BTC market, indicating periods of intense trading activity.
Conversely, bottoms in cumulative volume might signal potential market bottoms, representing phases of reduced trading activity or consolidation.
This is how human psychology works. The greatest activity is close to the peak and the worst when the price of BTC has decreased to the level when people lose interest and faith in the cryptocurrency market and the volume of trades falls, then the best time to buy.
Important Considerations:
Historical patterns suggest a relationship between cumulative volume and market tops/bottoms, but this indicator should be used in conjunction with other technical analysis tools for informed trading decisions.
Past performance of cumulative volume in relation to market tops or bottoms does not guarantee future outcomes in financial markets.
Script open-source
Dans l'esprit de TradingView, le créateur de ce script l'a rendu open-source, afin que les traders puissent examiner et vérifier sa fonctionnalité. Bravo à l'auteur! Vous pouvez l'utiliser gratuitement, mais n'oubliez pas que la republication du code est soumise à nos Règles.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Script open-source
Dans l'esprit de TradingView, le créateur de ce script l'a rendu open-source, afin que les traders puissent examiner et vérifier sa fonctionnalité. Bravo à l'auteur! Vous pouvez l'utiliser gratuitement, mais n'oubliez pas que la republication du code est soumise à nos Règles.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.