OPEN-SOURCE SCRIPT
Volume candle by Moond
Indicator Description: Equal Volume Candle Chart
This indicator creates a real-time candlestick chart where each candle forms upon the completion of a specific volume threshold, rather than within fixed time intervals. The candles update dynamically based on the total volume traded, providing a unique perspective that incorporates market activity directly into price movements.
Key Features:
Dynamic Candles Based on Volume: Candles form when a defined lot size of volume is reached, making each candle represent consistent trading activity rather than a fixed time period.
Customizable Volume Lot Size: Users can easily adjust the volume threshold to suit different trading styles or asset classes.
Real-Time Market Reflection: The chart responds to changes in market volume, offering a clearer view of market intensity and momentum.
Concept Behind the Indicator: Traditional candlestick charts operate on time intervals, which can ignore the influence of volume in price changes. By basing the candle formation on equal volumes, this indicator integrates both price and traded volume into the visual representation, helping traders capture key shifts in market sentiment and activity that might be missed on time-based charts
This indicator creates a real-time candlestick chart where each candle forms upon the completion of a specific volume threshold, rather than within fixed time intervals. The candles update dynamically based on the total volume traded, providing a unique perspective that incorporates market activity directly into price movements.
Key Features:
Dynamic Candles Based on Volume: Candles form when a defined lot size of volume is reached, making each candle represent consistent trading activity rather than a fixed time period.
Customizable Volume Lot Size: Users can easily adjust the volume threshold to suit different trading styles or asset classes.
Real-Time Market Reflection: The chart responds to changes in market volume, offering a clearer view of market intensity and momentum.
Concept Behind the Indicator: Traditional candlestick charts operate on time intervals, which can ignore the influence of volume in price changes. By basing the candle formation on equal volumes, this indicator integrates both price and traded volume into the visual representation, helping traders capture key shifts in market sentiment and activity that might be missed on time-based charts
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.