BullishBearish Volume
Bullish Bearish Volume indicator shows with colors:
- Bullish Volume (evidence of the market's strength):
- the Price goes up and the Volume rises (current volume bar is greater than one of the last two) - indicates as green volume bar
- the Price goes down and the Volume rises (current volume bar is greater than one of the last two) - indicates as red volume bar
- Bearish Volume (evidence of the market's weakness):
- the Price goes up or down and the Volume falls (current volume bar is lower than one of the last two) - indicates as pink, thin volume bar
- Yellow line is the moving average of the Volume. You can choose parameters like:
- MA_Period - moving average period
- MA_Type - type of moving average (1 - simple, 2 - exponential, 3 - smoothed)
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