This script considers the total volume within a user specified time frame, and whether price closed higher or lower at the end of each period within that time frame.
* If the time period of interest is 50-periods, the script considers the volume within each of those 50 periods beginning with the most recent closed period.
* SumUpVol = the sum of all...
CONTAINS 3 OF MY BEST VOLUME INDICATORS ALL FOR THE PRICE OF ONE!
Average Dollar Volume in RED
Up/Down Volume Ratio in Green
Volume Buzz/Volume Run Rate in BLUE
If you would like to get these individually, I also have scripts for that too.
Below is information about all three of these indicators, what they do, and why they are...