Effective Volume (Weighted by candle pattern)
This is a indicator using candle : wick ratio to obtain a weighted volume.
useful for trader using volume-price action strategy.
the mechanism is easy:-
when it is full bullish / full bearish bar, the weighted volume exactly equal to the volume itself.
when it is a total wick bar , the weighted volume will be half of that time-frame volume
the weighted formula is simple mathematics due to body : wick ratio.
However, I find that it useful for me.
useful for trader using volume-price action strategy.
the mechanism is easy:-
when it is full bullish / full bearish bar, the weighted volume exactly equal to the volume itself.
when it is a total wick bar , the weighted volume will be half of that time-frame volume
the weighted formula is simple mathematics due to body : wick ratio.
However, I find that it useful for me.
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Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.