OPEN-SOURCE SCRIPT

Volume 2.0

54
Volume with standard deviations.

Helps to identify moderately high/low volume and very high/low volume.

Low volume indicates less market participation. High volume indicates higher market participation.

It forecasts potential changes of sentiment.

Volume with standard deviations (n=14).

Helps to identify moderately high/low volume and very high/low volume. Low volume indicates less market participation. High volume indicates higher market participation.

It forecasts potential changes of sentiment. This indicator has to be used with others. It is an adjunct tool, but a powerful one.

NB:
My previous version "Volume" violated the Pine Code house rules, so it got shielded from public view. This is my first experience with writing in Pine Code and publishing. I suspect it was because I didn't publish with a clean chart without other indicators added. My apologies in advance if version 2.0 is again another violation, which will then get shielded again. I am only publishing out of good will to share that's all.

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