OPEN-SOURCE SCRIPT
Overbought/Oversold Split Volume [AloneMask]
An indicator that displays volume separately - buy/sell, to make it easy to see whether positive or negative volume prevails. Volume is plotted up from the center line (buy) and down from the center line (sell) and is plotted inside the Bollinger Bands to predict its potential overbought/oversold status. The settings include a large variability in choosing the MA base and the way Bollinger Bands depend on volume. User flexibility in choosing the style and colors is a given. The indicator can be used on any instrument (Index, Stock, Currency pairs, Crypto, etc.)
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.