New Volume Indicator: VolTrendHello everyone! In this article I want to talk about a new volume indicator.
The VolTrend indicator shows bullish and bearish volumes in addition to the total volume data shown by the classic volume indicator. With this indicator you can see not only the total volume, but also bullish (bullish) and bearish (bearish) volumes.
🔶CHART🔶
The white columns in the graph show the total volume.
The green columns on the chart show bullish volume.
The red columns in the chart show the bear volume.
The blue line in the graph shows the average volume of the last candle up to the number value entered in the settings.
🔷TABLE🔷
In the "TOT" column: The "NET" line shows the total volume in net terms. The "%" line shows the percentage by which the total volume of the current candle is more or less than the total volume of the previous candle. If the background is red, the total volume of the current candle is less than the total volume of the previous candle; if the background is green, the total volume of the current candle is more than the total volume of the previous candle.
In the "BULL" column: The "NET" line shows the bull volume in net terms. The "%" line shows how many percent more or less the current candle's bull volume is than the previous candle's bull volume. If the background is red, the current candle's bull volume is less than the previous candle's bull volume; if the background is green, the current candle's bull volume is more than the previous candle's bull volume.
In the "BEAR" column: The "NET" line shows the bear volume in net terms. The "%" line shows how many percent more or less the current candle's bear volume is than the previous candle's bear volume. If the background is red, the current mumu's bear volume is less than the previous mumu's bear volume; if the background is green, the current mumu's bear volume is more than the previous mumu's bear volume.
In short, with this indicator you can clearly see the total volume, bullish and bearish volumes and you can also easily keep track of what percentage the previous total, bullish and bearish volumes have fallen or risen on the current candle.
What do you think about this indicator and would you like me to share it?
