This indicator works very similarly to Elder's Force Index (EFI) and builds on top of what I have for the Money Flow Line (see my other scripts). It combines price movements with volume to create sort of "dollar flow" pressure up and down, looking for "smart money" ("big money") to make their move. The indicator uses a lookback period to calculate a standard...
When asset prices rise or fall greatly it can be difficult to measure the interest levels across time periods. Think of assets like BBBY, GME, CVNA, BTCUSD, etc... :) This simple visualization multiplies a pricing option by the volume to give a "dollar cost" volume over time. With this, you can more easily measure interest levels from "smart money" ("big money")...
Português/English Pt: Esse indicador colore as barras ou candles de acordo com o volume de negociação daquela barra em comparação ao volume médio. A codificação é a seguinte: Barras de alta (Fechamento>Abertura): - Cor da barra por default: Sem volume expressivo - Verde: volume acima da Média. - Azul: volume bem acima da média. - Amarelo: volume muito...