ahancock

Hancock - Volume

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Estimates the buy and sell volume of each candle by using a configurable lower time-frame and displays the volume in a colored histogram.

Happy trading
Hancock
Release Notes: Added an option to calculate buy and sell volume weighted by wicks. This assumes the most obvious formation of the wicked candle and is turned on by default.

Added SMA to buy and sell volume.
Release Notes: Forgot to remove max_bars_back. This is now removed.
Release Notes: Fixed issue preventing chart from plotting with higher time-frames using 15m resolution.
Release Notes: Various bug fixes for na values.

Added high volume indication in the form of a diamond above or below the volume indicator. This show when volume has been above a defined threshold.

Happy trading
Hancock
Release Notes: Update screen shot
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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