OPEN-SOURCE SCRIPT
Traded Value ($ M)
This indicator calculates and displays the total traded value for each bar in US Dollars (Millions), giving you a clearer picture of real money flow compared to raw volume alone.
How it works:
It multiplies the closing price by the bar's volume, then divides by 1,000,000 to express the result in Millions of USD.
Traded Value ($M) = (Close Price × Volume) / 1,000,000
Color coding:
🟢 Green bar — Price closed higher than it opened (bullish bar)
🔴 Red bar — Price closed lower than it opened (bearish bar)
Why use this?
Raw volume only tells you how many shares/contracts were traded. Traded Value tells you how much money actually changed hands — making it especially useful for comparing activity across stocks with very different price levels.
Best used on: Stocks, ETFs, and instruments traded in USD.
How it works:
It multiplies the closing price by the bar's volume, then divides by 1,000,000 to express the result in Millions of USD.
Traded Value ($M) = (Close Price × Volume) / 1,000,000
Color coding:
🟢 Green bar — Price closed higher than it opened (bullish bar)
🔴 Red bar — Price closed lower than it opened (bearish bar)
Why use this?
Raw volume only tells you how many shares/contracts were traded. Traded Value tells you how much money actually changed hands — making it especially useful for comparing activity across stocks with very different price levels.
Best used on: Stocks, ETFs, and instruments traded in USD.
开源脚本
秉承TradingView的精神，该脚本的作者将其开源，以便交易者可以查看和验证其功能。向作者致敬！您可以免费使用该脚本，但请记住，重新发布代码须遵守我们的网站规则。
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。
开源脚本
秉承TradingView的精神，该脚本的作者将其开源，以便交易者可以查看和验证其功能。向作者致敬！您可以免费使用该脚本，但请记住，重新发布代码须遵守我们的网站规则。
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。