OPEN-SOURCE SCRIPT
Updated Volume MA Dynamic
Volume Dynamic MA automatically adapts its volume moving average to the chart timeframe, so you get a cleaner multi-timeframe read on participation without constantly changing settings.
On daily charts, it plots a 50-day volume MA.
On weekly and monthly charts, it switches to a 10-week volume MA.
On intraday charts below 1D, the MA is hidden to keep the volume pane clean and readable.
The script also includes an optional bar-coloring mode based on current close vs previous close, which can offer a different view of volume pressure compared with the standard close vs open method.
This indicator is especially useful for traders who want a simple, practical way to keep volume analysis consistent across swing and position-trading timeframes.
On daily charts, it plots a 50-day volume MA.
On weekly and monthly charts, it switches to a 10-week volume MA.
On intraday charts below 1D, the MA is hidden to keep the volume pane clean and readable.
The script also includes an optional bar-coloring mode based on current close vs previous close, which can offer a different view of volume pressure compared with the standard close vs open method.
This indicator is especially useful for traders who want a simple, practical way to keep volume analysis consistent across swing and position-trading timeframes.
Release Notes
Added a new Vol % metric based on volume / volMA to help gauge real-time volume momentum against the selected moving average baseline.Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.