OPEN-SOURCE SCRIPT
更新済 Volume v4 (Dollar Value) by Koenigsegg
📊 Volume v3 (Dollar Value) by Koenigsegg
🎯 Purpose:
Volume v3 (Dollar Value) by Koenigsegg transforms traditional raw-unit volume into dollar-denominated volume, revealing how much money actually flows through each candle.
Instead of measuring how many coins or contracts were traded, this version calculates the total traded value = volume × average price (hlc3), allowing traders to visually assess capital intensity and market participation within each move.
⚙️ Core Features
- Converts raw volume into USD-based traded value for each candle.
- Color-coded bars show bullish (green/teal) vs. bearish (red) activity.
- Built-in SMA and SMMA overlays highlight sustained shifts in value flow.
- Designed for visual clarity to support momentum, exhaustion, and divergence studies.
📖 How to Read It
Rising Dollar Volume — indicates growing market participation and strong capital flow, often aligning with impulsive waves in trend direction.
Falling Dollar Volume — signals waning interest or reduced participation, potentially hinting at correction or exhaustion phases.
Comparing Legs — when price makes new highs/lows but dollar volume weakens, it can reveal divergences between price movement and actual capital commitment.
SMA / SMMA Lines — use them to identify longer-term accumulation or depletion of market activity, separating short bursts from sustained inflows or outflows.
The goal is to visualize the strength of market moves in terms of capital energy, not just tick activity. This distinction helps traders interpret whether a trend is being driven by genuine money flow or low-liquidity drift.
⚠️ Disclaimer
This script is provided for research and educational purposes only.
It does not constitute financial advice, investment recommendations, or trading signals.
Always conduct your own analysis and manage your own risk when trading live markets.
The author accepts no liability for financial losses incurred from use of this tool.
🧠 Credits
Developed and published by Koenigsegg.
Written in Pine Script® v6, fully compliant with TradingView’s House Rules for Pine Scripts.
Licensed under the Mozilla Public License 2.0.
🎯 Purpose:
Volume v3 (Dollar Value) by Koenigsegg transforms traditional raw-unit volume into dollar-denominated volume, revealing how much money actually flows through each candle.
Instead of measuring how many coins or contracts were traded, this version calculates the total traded value = volume × average price (hlc3), allowing traders to visually assess capital intensity and market participation within each move.
⚙️ Core Features
- Converts raw volume into USD-based traded value for each candle.
- Color-coded bars show bullish (green/teal) vs. bearish (red) activity.
- Built-in SMA and SMMA overlays highlight sustained shifts in value flow.
- Designed for visual clarity to support momentum, exhaustion, and divergence studies.
📖 How to Read It
Rising Dollar Volume — indicates growing market participation and strong capital flow, often aligning with impulsive waves in trend direction.
Falling Dollar Volume — signals waning interest or reduced participation, potentially hinting at correction or exhaustion phases.
Comparing Legs — when price makes new highs/lows but dollar volume weakens, it can reveal divergences between price movement and actual capital commitment.
SMA / SMMA Lines — use them to identify longer-term accumulation or depletion of market activity, separating short bursts from sustained inflows or outflows.
The goal is to visualize the strength of market moves in terms of capital energy, not just tick activity. This distinction helps traders interpret whether a trend is being driven by genuine money flow or low-liquidity drift.
⚠️ Disclaimer
This script is provided for research and educational purposes only.
It does not constitute financial advice, investment recommendations, or trading signals.
Always conduct your own analysis and manage your own risk when trading live markets.
The author accepts no liability for financial losses incurred from use of this tool.
🧠 Credits
Developed and published by Koenigsegg.
Written in Pine Script® v6, fully compliant with TradingView’s House Rules for Pine Scripts.
Licensed under the Mozilla Public License 2.0.
リリースノート
Release Notes v4.2: Updated the indicator with a new volume mode selector and a customizable pane background.
- Added switch between Dollar Value Volume and Quantity Volume.
- Quantity Volume shows the original exchange-reported volume.
- Dollar Value Volume converts volume into estimated traded value using volume × hlc3.
- Added optional separate pane background color.
- Added background transparency control.
オープンソーススクリプト
TradingViewの精神に則り、このスクリプトの作者はコードをオープンソースとして公開してくれました。トレーダーが内容を確認・検証できるようにという配慮です。作者に拍手を送りましょう！無料で利用できますが、コードの再公開はハウスルールに従う必要があります。
免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。
オープンソーススクリプト
TradingViewの精神に則り、このスクリプトの作者はコードをオープンソースとして公開してくれました。トレーダーが内容を確認・検証できるようにという配慮です。作者に拍手を送りましょう！無料で利用できますが、コードの再公開はハウスルールに従う必要があります。
免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。