A unique volumed based ( gold ) overlayed on-top of the standard (Red) that has the ability to show interesting divergences that represent accumulations.
Regular trending down & our unique trending sideways/up? This exact situation happened in June 2020 for BTC and showcased an accumulation range that retail was getting shaken out of.. BTC then went to 5X from there.
There are no signals with this indicator, the information is presented and you must derive from it what you can, with divergences being one strategy.
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- Marketcharts Founder
- Pinescript Indicator Creator