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MustafaVarol

[MV] %B with SMA + Volume Based Colored Bars

MustafaVarol  
Volatility Volume Moving Averages Bollinger Bands %B (%B) sma coloredbars
303
3
volatility volumestudies movingaverage bollingerbandspercentbandwidth sma coloredbars

Entry Signal when %B Crosses with SMA and this is more meaningful if it supports colored bars.

Black Bar when prices go down and volume is bigger than 150% of its average, that indicates us price action is supported by a strong bearish volume
Blue Bar when prices go up and volume bigger than 150% of its average, that indicates us price action is supported by a strong bullish volume
VBC author @KivancOzbilgic
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 a publication is governed by House Rules. You can favorite it to use it on a chart.

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