I'm trader Baekdoosan who trading Equity from South Korea. This Baekdoo ANGN indicator plot volume when large volume trading happened.
I made this indicator for Korea stock trading. I put bars for large amount of trading happened. Let's say 1% of their market cap, then we can regarded this as very big amount of trading is going on. But those function that drag into the chart of market cap works only on stock. so I put them into hardcoded value. you can freely change value (since I put the variable into input, you can modify based on your needs).
And adding ANGN (An-Na-Gan-Ni?, means "are you still there? in Korean") line for upgrade version of On Balance Volume (OBV).
OBV is very good indicator but when it has long tail and short body, it can have wrong indication of buying or selling from big whales. So ANGN with large volume indicator combination would gives you better idea for the big brothers buying or selling tracker.
hope this will help your trading on equity as well as crypto. I didn't try it on futures . Best of luck all of you. Gazua~!
Hello Baekdoosan , thank you for this indicator. Really appreciate it! Could you please explain the indicator a bit. Is the Red histogram buying volume and the blue the selling volume, is the white line the cumulative value ?
JayM0ap
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Great indicator, very useful to see true incoming volume. Keep up the great work
@traderbaekdoosan, one question. I noticed that the indicator doesn't show the volume in the candles in the smaller cap crypto currencies. Is any way to improve that or need to adjust the input in the settings?
JayM0ap
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Ignore it,I changed the input by removed 2 zeros it works
traderbaekdoosan
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@notsimilar, oh, I just about to answer. I'm happy to hear you've found solution~! Cheers!
Could you please explain the indicator a bit. Is the Red histogram buying volume and the blue the selling volume, is the white line the cumulative value ?