OPEN-SOURCE SCRIPT
[PW] Volume Standard Deviation
Here is a nice little script that highlights areas of volume using standard deviation, you can choose the look back periods.
This script is based on the excellent script by: SteynTrade - tradingview.com/v/Qcty3MDY
I have simplified it a bit and made it readable to my taste using alpha to highlight high volume areas.
Enjoy.
This script is based on the excellent script by: SteynTrade - tradingview.com/v/Qcty3MDY
I have simplified it a bit and made it readable to my taste using alpha to highlight high volume areas.
Enjoy.
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.