Now you can finally understand volume more correctly with Volume Sorted!
This indicator sorts the volume based on the close of the bar. It’s perfect for reading the volume more correctly. You will instantly get a sense of what is happening if for example a big sell volume bar develops.
You can also activate a moving average to get more information out.
Average > zero indicates more buying volume than selling. Or a falling average indicates more selling pressure, just to name a few examples.
You can also choose to automatically multiply the volume with the close to easier interpret how much is being traded. Changing the volume from number of shares to a currency value truly impacts and strenghtens our common sense ability.
It’s also excellent to use in Screeners, Alerts and Automatic Systems.
Check out this version with Tick by tick timeframe included!