Basic indicator very useful to see the roof of the market from a different perspective next to the volume … Ultra High
If the volume is accompanied by the normal price … and the indicator Price invested, we see how the ultra-high volume in maxima may indicate a price reversal.
//invert=1
If Invert=1 then
If close>= open then
DRAWCANDLE(-open, -high, -low, -close) coloured(0,150,0,255)
else
DRAWCANDLE(-open, -high, -low, -close) coloured(150,0,0,255)
endif
endif
If Invert=0 then
If close>= open then
DRAWCANDLE(open, high, low, close) coloured(0,150,0,255)
else
DRAWCANDLE(open, high, low, close) coloured(150,0,0,255)
endif
endif
return