DepthHouse Better Volume — Indicator by oh92

volume pricevolumetrend movingaverage depthhouse vol

DepthHouse Better Volume takes the standard volume bars and gives it an extreme overhaul.

The brighter colored bars signal strong buying or selling pressure in the market based on the volume.
The small lines within the columns represent the duration of this increased buying and selling volume.

This calculation is based on negative and positive volume flow. These variables are based on the moving average length, type, and percent change.
All of which are user defined.

DepthHouse Better Volume also changes how each bar color is calculated. The traditional calculation is dependent on the open and close of the candle. Whereas this volume indicator calculates the displayed color based on the position of the bar relevant to the last.
The user has the option to turn this feature on or off.

Try this indicator for FREE! Just leave a comment, or feel free to send me a PM

Release Notes:

decreased the occupancy of the trend momentum lines

Creator of DepthHouse Indicators on TradingView!
↣ depthhouse.com/

Invite-only script

Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact oh92 for more information, or follow the author's instructions below.

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Disclaimer

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