What is the difference between red and green volume in Tradingview? (2024)

What is the difference between red and green volume in Tradingview?

The data is tracked and provided by market exchanges. It is one of the oldest and most popular indicators and is usually plotted in colored columns, green for up volume and red for down volume, with a moving average. It is one of the few indicators that is not based on price.

What do the colors mean in TradingView volume?

Red-colored candle bars indicate a decrease in trading volume. Green-colored candle bars indicate an increase in trading volume. The transparent yellow cloud above the volume bars represents the 21-bar moving average volume, which shows the average volume over the specified period.

What does red and green mean on volume chart?

A red volume bar means that the stock closed lower during the current interval compared to the previous interval's close. So, a tall green volume bar means an interval where the stock closed higher than the previous interval with high trading volumes – a sign of optimistic investor sentiment towards the said stock.

What is red and green indicator in TradingView?

The colour of the ribbon changes with trend direction: when price in uptrend ribbon colour is green; when price in downtrend ribbon colour is red. Options Available: 1) You can select between 11 different types of moving averages, each MA line can be a different type.

What is red volume and green volume?

An up day (where the price is greater than the previous price) will show a green bar. A down day (where the price is less than the previous price) will show a red bar. When the price is unchanged compared to the previous price, Volume will show as a blue bar.

Which volume indicator is best in TradingView?

What does green mean in TradingView?

This is a modified version of the exponential moving average indicator to change color based on trend (red/bearish if price has closed below EMA, green/bullish if price has closed above EMA). 1162. 4. Volume Based Coloured Bars.

What does red trading volume mean?

If the candlestick is red, then the corresponding volume bar will also be red. A common misconception among beginners is that red volume bars indicate more sellers. A red volume bar only indicates that sellers are more active than buyers and as a result the price gets pushed down, making the candle red or bearish.

What does red volume mean in the stock market?

If the close price of a candle is less than the close price of the previous candle, then the volume bar of that candle will be red. If the close price of a candle is higher/equal than the close price of the previous candle, then the volume bar of that candle will be green.

How do you read volume in trading view?

It's important to note volume meaning in regards to market trends. When price falls while volume increases, this can show that a trend is gathering strength to the downside. If price reaches new highs or lows while volume decreases, this could mean that a potential reversal is on its way.

What are the top 3 indicators in TradingView?

What is the best indicator in TradingView?

Which is the best trend indicator in TradingView?

𝙃𝙄𝙂𝙃𝙀𝙎𝙏-𝙇𝙊𝙒𝙀𝙎𝙏 𝙏𝙍𝙀𝙉𝘿 𝙄𝙉𝘿𝙄𝘾𝘼𝙏𝙊𝙍 Overview: The "Highest-Lowest Trend" indicator helps traders identify trends based on the highest and lowest values within a specified period. It provides visual cues to understand potential trend changes, making it a valuable tool for technical analysis.

What is green volume?

A green volume bar means the stock closed higher than day before, and viceversa with a red volume bar.

What are the colors of the better volume indicator?

How do you read a volume profile indicator?

The Volume Profile is a charting technique (indicator) that shows the trading activity of a specific financial asset over time. This indicator uses horizontal bars to reflect trading activity at different price points. The bars are stacked vertically, with the highest indicating the areas with the most trade activity.

What is the most useful volume indicator?

There are two most popular and widely used volume indicators: PVI (Positive Volume Index) and NVI (Negative Volume Index) that help in volume analysis. The positive volume index is used to measure the positive impact or increase in the trading volume.

What is the average volume indicator on TradingView?

The information displayed could be summed up as a volume profile divided by a market profile. This indicator is a profile which displays the average volume of an area (of price). It also calculates and displays the highest average volume point (HAV) and the relating value zones (calculated in the...

What is the best volume indicator for stocks?

Popular volume indicators include three mentioned above—on-balance volume (OBV), Chaikin Money Flow, and Klinger oscillator—as well as the volume price trend indicator and Money Flow Index.

What are the 4 indicators of TradingView?

This is a Wave (or Zig Zag) indicator I made to use in conjunction with the Wave Volume indicator I use. It uses the Jurik moving average to determine turning points, and will plot the tops and bottoms of the wave based on the most recent high- so you can also use to quickly find pivot highs and lows.

What are the 3 colors usually used on indicators to show status?

A red status color indicates below-target performance or underlying critical risks. Yellow indicates a narrowly missed target, or poorly trending performance that may impact end-of-year targets. And of course green implies on-target performance. The stoplight approach's greatest strength is its intuitive logic.

What is the red green candle strategy?

If the upper wick on a red candle is short, then it indicates that the stock opened near the high of the day. On the other hand, if the upper wick on a green candle is short, then it indicates that the stock closed near the high of the day.

Is volume red or green?

A volume bar is colored green if both volume and Close price are greater than those from a specified number of bars ago. If this condition is true for Close price but false for volume, the volume bar is colored blue. In case it is true for volume and false for Close price, the volume bar is colored red.

Is the volume indicator red or green?

Volume bars are a representation of the transactions that have taken place on the best bid and ask. They are shown at the bottom of the chart. The color corresponds to the aggressor side: red is for sell side, and green is for buy side.

How do you know if volume is buying or selling?

With the total volume, the best you can do is make the assumption that if the price is going up then most of the volume is buying. If the price is going down then its more selling volume. Otherwise, you would need to look at the trade and/or quote bars to get a more precise representation.