KivancOzbilgic

Volume Based Coloured Bars

Volume Based Coloured Bars:

Most of the time traders are confused about if the price movements were supported by VOLUME .
This indicator colors the bars into volume weighted signals...

When prices go down bars are red and contraversely when up, bars are green. Additionally we have two more colors for each
situation:

PRICE BARS ARE:

DARK RED when prices go down and VOLUME is bigger than 150% of its (default 21 day) average, that indicates us price action is supported by a strong BEARISH VOLUME

RED when prices go down and VOLUME is BETWEEN 50% AND 150% of its (default 21 day) average, at this situation we can think that volume is neither strong nor weak

ORANGE when prices go down and VOLUME is just less than 50% of its (default 21 day) average, so the volume is weak and doesn't support the price action much




DARK GREEN when prices go UP and VOLUME bigger than 150% of its (default 21 day) average, that indicates us price action is supported by a strong BULLISH VOLUME

GREEN when prices go UP and VOLUME is BETWEEN 50% AND 150% of its (default 21 day) average, at this situation we can think that volume is neither strong nor weak

LIGHT GREEN when prices go UP and VOLUME is just less than 50% of its (default 21 day) average, so the volume is weak and doesn't support the price action much


21 day Simple Moving Average used as default value which can be changed in the settings menu,

21 day is considered as a month for STOCK Markets, it would be more accurate to set the value to 30 for CRYPTO CURRENCIES

Release Notes: light green color updated...
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Twitter: @kivancozbilgic
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Comments

Çok teşekkürler, emeğine sağlık Kıvanç Hocam...
+1 Reply
Hello thank you so much for this script it is the most amazing one! So accurate in determining bull bear pressure with volume easy to read and understand. I love you.
Is there anyway to modify the script in order to include alerts for when the candle changes color? For instance an alert To when the candle turns dark Red or dark green?
+1 Reply
Kıvanç ingilizcem yok Türkçe'ye çeviriyorum anlamaya çalışırken beynim göz çukurlarıma dolmaya başlıyor,sana zahmet Türkçesinide eklermisin.
Reply
bitcorobin bitcorobin
@bitcorobin, Biraz biraz çözdüm gibi ben bu konularda kıtımda anladığımı yazayım koyu yeşil fiyatı destekleyen güçlü bir hacim,yeşil hacim fiyat oranı kabul edilebilir düzeyde yani bb bantlarında anlattığın ortadaki ortalama çizgi,mavi fiyat hacim uyuşmazlığı,hacim fiyatı desteklemiyor dikkat!,tersi durumda;koyu kırmızı aşırı bir satım,kırmızı normal değerler portakal hacim düşüşü desteklemiyor,mesela düşüş trendinin son bulduğuna bir işaret.Doğrumudur hocam eksiklerim varmı?
+2 Reply
EXCELLENT EXCELLENT MİKKEEEMMMEEEL ANLATMAYA GERENK YOKKK.HERŞEY ORTADA.
+3 Reply
Using your Inverse Fisher indicators on the opening analyzing page for a token and this was the missing one to see the volume behind the move. Thanks, appreciate it very much.
+1 Reply
tesekkürler üstad . ALLAH RAZI OLSUN.
+1 Reply
You're the king. The guys on the twitter who learn to do two analyzes and follow each other as master can not even pour water in your hand. Thank you
+2 Reply
Masterpiece !!! Thank you very much for your valuable efforts.
+3 Reply
Sir, Did you share the formula of this indicator. I can not find on your page. Thanks.
Reply
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