TradingView
IldarAkhmetgaleev
29 juin 2019 05:17

Colored Volume per Range Bars 

Bitcoin / U.S. dollarBitstamp

Description

Shows relative volume per price range by bar colors.

Notes de version

Use log scale to calculate ranges.

Notes de version

Do not use log on volume.

Notes de version

Go back to linear price difference.

Notes de version

Algorithm rewrite.

Notes de version

Calculate price range by division.
Division works better in daily and weekly timeframes.

Notes de version

Default interval is changed.

Notes de version

Add option to use custom ticker as volume source
Commentaires
CR_FX
hi there sorry to bother im using your range bar indicator i like it but i'm still have some trouble on how it works can you breifly explain it and how each color works thanks
IldarAkhmetgaleev
@CR_FX, The indicator shows the dependence of effort (volume) and result (volatility). Red means a big effort with a small result, and blue means a small effort with a big result. In key points, usually, a struggle occurs, which is rendered as a large effort (large volume) with a small result (low volatility).
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