INVITE-ONLY SCRIPT
Volume Analysis Tool - CryptoShoots
Updated
Volume Analysis Tool
Volume Analysis Tool is a technique to simulate tick volume data to get Buying volume and Selling Volume in each bar to any asset .
*** Features
* Delta Volume Mode .
* Detailed Volume mode - Buying and selling for each candle .
* Better understanding to the Accumulation and Distribution using volume analysis easily .
*** Usage
* Turn only one Mode(Delta or Detailed ) ON to let the indicator Shows you its magic .
* Volume Search : by default it's 1 MIN . Note : if you want to change the value understand that the lower the value the better the Accuracy .
//
As a rule of thump use 1 MIN Volume Search for these time frames ( from 5 min to 4 hours ) and 5 min Volume Search for Daily time frame .
Volume Analysis Tool is a technique to simulate tick volume data to get Buying volume and Selling Volume in each bar to any asset .
*** Features
* Delta Volume Mode .
* Detailed Volume mode - Buying and selling for each candle .
* Better understanding to the Accumulation and Distribution using volume analysis easily .
*** Usage
* Turn only one Mode(Delta or Detailed ) ON to let the indicator Shows you its magic .
* Volume Search : by default it's 1 MIN . Note : if you want to change the value understand that the lower the value the better the Accuracy .
//
As a rule of thump use 1 MIN Volume Search for these time frames ( from 5 min to 4 hours ) and 5 min Volume Search for Daily time frame .
Release Notes
Cumulative Delta has been added to the tool now .What is Cumulative Delta?
Delta refers to the net difference between buying and selling volume at each price level. Cumulative Delta builds upon this concept by recording a cumulative tally of these differences in buying vs selling volume.
*Using the Cumulative Delta Indicator
The Cumulative Delta indicator plots as candlesticks in a panel below the price at time information. One of the main uses of Cumulative Delta is to confirm or deny market trends.
Release Notes
This version has been updated its algorithm to calculate Whales aggressive buy and Whales agressive sellers , Whales are the reason for any action than normal buying and selling . Invite-only script
Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact CryptoShoots for more information, or follow the author's instructions below.
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