Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
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The indicator is based on the real-time volume in the market, Macd and Bollinger Band. Green Bars in the histogram indicate high buy volume and prospective long position Gray Bars indicate low volume and no trade zone Red Bars indicate high sell volume and prospective short position Best used with Bitcoin.
Could use this indicator along with your favorite indicator to get to know the direction of the market with respect to volume and since this is a script, you can set alerts too. Happy Trading
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// Improved capability of catching those whale pumps and dumps.
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// Made some minor changes to the short signal condition
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// Made changes to the visuals // Added tick option for trend alerts to be shown in form of changed bar colors or green/red triangles below/above the candles. // Made tiny changes to the buy/sell signal conditions improving the accuracy a bit