▋ INTRODUCTION : The “Volume Dynamic Scale Bar” is a method for determining the dominance of volume flow over a selected length and timeframe, indicating whether buyers or sellers are in control. In addition, it detects the average speed of volume flow over a specified period. This indicator is almost equivalent to Time & Sales (Tape) [By MUQWISHI].
_______________________ ▋ OVERVIEW:
_______________________ ▋ ELEMENTS (1) Volume Dynamic Scale Bar. As we observe, it has similar total up and down volume values to what we're seeing in the table. Note they have similar default inputs. (2) A notice of a significant volume came. (3) It estimates the speed of the average volume flow. In the tooltip, it shows the maximum and minimum recorded speeds along with the time since the chart was updated. (4) Info of entered length and the selected timeframe.
(5) The widget will flash gradually for 3 seconds when there’s a significant volume occurred based on the selected timeframe.
_______________________ ▋ INDICATOR SETTINGS: (1) Timezone. (2) Widget location and size on chart. (3) Up & Down volume colors. (4) Option to enable a visual flash when a single volume is more than {X value} of Average. For instance, 2 → means double the average volume. (5) Fetch data from the selected lower timeframe. (6) Number of bars at chosen timeframe. (7) Volume OR Price Volume.
_____________________ ▋ COMMENT: The Volume Dynamic Scale Bar should not be taken as a major concept to build a trading decision.
Please let me know if you have any questions. Thank you.
เอกสารเผยแพร่
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Rectified speed unit.
Changed the word 'Table' to 'Widget' for indicator settings.
เอกสารเผยแพร่
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Renamed indicator to “Volume Speed”.
Created options to customize background and text colors.
Added an (ON/OFF) option for making bar scale spaced.
Great work! Table looks awesome! I've been working on a similar "measuring stick" bottom-oriented table. Yours looks better though (;
MUQWISHI
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@KioseffTrading, Thank you for support. You always bring phenomenal projects; so looking forward to seeing your version.
OutsourcE
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A scanner for the speed metric would be phenomenal! Nice one 👍
just_naba
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hi great done(Volume Dynamic Scale Bar ) just if u add the total up-down = it will be great , with many thanks
just_naba
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@just_naba, and what does it mean some with + down the value , also different back ground color , thanks
MUQWISHI
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@just_naba, It means a huge* volume just came in within the selected period. From the description above, — Check number (5) in the ELEMENTS section. — Check number (4) in the INDICATOR SETTINGS section.
MUQWISHI
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@just_naba, I'll consider that. Thank you for the feedback.
The_lurker
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Keep it up, you are a champion and your work is amazing and precise