Volume Trends
This script provides clear volume trends on any time frame. You set a long term volume trend moving average (ex 100 periods). A shorter term MA of your choice (10 in this example) will oscillate above and below based on the standard deviations of its current value relative to the long term #.
Similarly, large volume bars are plotted in terms of st dev above the long term MA.
Very useful in spotting capitulation bottoms and/or blow-off tops.
Similarly, large volume bars are plotted in terms of st dev above the long term MA.
Very useful in spotting capitulation bottoms and/or blow-off tops.
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Updated picture.