TradingView
IldarAkhmetgaleev
29 Jun 2019 pukul 05.17

Colored Volume per Range Bars 

Bitcoin / U.S. dollarBitstamp

Deskripsi

Shows relative volume per price range by bar colors.

Catatan Rilis

Use log scale to calculate ranges.

Catatan Rilis

Do not use log on volume.

Catatan Rilis

Go back to linear price difference.

Catatan Rilis

Algorithm rewrite.

Catatan Rilis

Calculate price range by division.
Division works better in daily and weekly timeframes.

Catatan Rilis

Default interval is changed.

Catatan Rilis

Add option to use custom ticker as volume source
Komentar
CR_FX
hi there sorry to bother im using your range bar indicator i like it but i'm still have some trouble on how it works can you breifly explain it and how each color works thanks
IldarAkhmetgaleev
@CR_FX, The indicator shows the dependence of effort (volume) and result (volatility). Red means a big effort with a small result, and blue means a small effort with a big result. In key points, usually, a struggle occurs, which is rendered as a large effort (large volume) with a small result (low volatility).
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