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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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開源腳本
秉持TradingView一貫精神,這個腳本的創作者將其設為開源,以便交易者檢視並驗證其功能。向作者致敬!您可以免費使用此腳本,但請注意,重新發佈代碼需遵守我們的社群規範。
免責聲明
這些資訊和出版物並非旨在提供,也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。