Attributable is calculated as: Total excluding the "counter wick" .
Where for a green (up) candle, the "counter wick" is the top wick .
In theory, Attributable should better represent the effort of directional thrust of each candle.
By default, this indicator displays “Attributable RVOL”, but can be set to:
Note: RVOL = Relative , the current divided by the moving average. RVOL can be used to identify major moves, and potential starts/ends to trends.
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.