Indicates the volume trend:
~50 = short term volume is the same as long term volume
> 50 = short term volume is higher than long term volume (i.e. trend is rising volume)
< 50 = short term volume is lower than long term volume (i.e. trend is declining volume)
This indicator is based on Volume RSI
when ever the volumes RSI is falling to lower level it turn blue. the buy point as it exit it. when ever the volume RSI is heated it turn orange. the sell point is when its exit it.
The aim of the indicator is to give you ability to see clearly when there is change in direction
Have fun
It's a stochastic based indicator complemented by CCI. It tells direction of the next candle, mostly accurate to 1 to 2 candles.
If green arrow fires then the next candle would be probably green and if red arrow fires htne the next candle would be probably red.
It is important that the candle is bearing the signal as it closes.
How to use Bull&Bear Signals Script
Purpose: We developed this indicator for short and middle term buyer and seller small inverstor.
Scope of Script: This script should use stock markets and digital currency markets. We are not recommend this script for use in any other assets.
General Approaching: While this script creating, mostly take support, highest high...
![BTCUSD: BTC Volume Index [v2018-11-21] @ LekkerCryptisch.nl](https://s3.tradingview.com/h/hpnA1WT2_mid.png "BTC Volume Index [v2018-11-21] @ LekkerCryptisch.nl")
