OPEN-SOURCE SCRIPT

Volume Highlight

161
Bar colouring: this indicator is simple but effective, it repaints higher than normal candles a certain colour (by default gold/yellow) it helps to know what are valuable areas to trade around for longs and shorts.

Changing the volume multiplier manually helps you to screen volume relevant to the timeframe you are trading on.

For example, some charts 1min the best filter/setting would be 12-35 multiplier where others like btc 1-4 hourly, the filter/setting might be 8-12.

The key is having only the highest/most relevant 3-4 volume candles showing as they often represent supports and resistances.

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.