bjr117

Normalized Volume

OVERVIEW
The Normalized Volume indicator is a technical indicator that gauges the amount of volume currently present in the market, relative to the average volume in the market. The purpose of this indicator is to filter out with-trend signals during ranging/non-trending/consolidating conditions.


CONCEPTS
This indicator assists traders in capitalizing on the assumption that trends are more likely to start during periods of high volume compared to periods of low volume . This is because high volume indicates that there are bigger players currently in the market, which is necessary to begin a sustained trending move.

So, to determine whether the current volume is "high", it is compared to an average volume for however number of candles back the user specifies.

If the current volume is greater than the average volume , it is reasonable to assume we are in a high-volume period. Thus, this is the ideal time to enter a trending trade due to the assumption that trends are more likely to start during these high-volume periods.

More information on this indicator can be found on NNFX's video on it in his Indicator Profile series and on Stonehill Forex's blog post on it.


HOW DO I READ THIS INDICATOR
When the column's color is red, don't take any trend trades since the current volume is less than the average volume experienced in the market.

When the column's color is green, take all valid with-trend trades since the current volume is greater than the average volume experienced in the market.
نص برمجي مفتوح المصدر

قام مؤلف هذا النص البرمجي بنشره وجعله مفتوح المصدر، بحيث يمكن للمتداولين فهمه والتحقق منه، وهو الأمر الذي يدخل ضمن قيم TradingView. تحياتنا للمؤلف! يمكنك استخدامه مجانًا، ولكن إعادة استخدام هذا الكود في منشور تحكمه قواعد الموقع. يمكنك جعله مفضلاً لاستخدامه على الرسم البياني.

إخلاء المسؤولية

لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.

هل تريد استخدام هذا النص البرمجي على الرسم البياني؟