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Monitoring stock volume in real time allows investors to gauge the level of activity in a particular stock. It indicates the number of shares traded during a given period. High volume often suggests strong investor interest or market sentiment, potentially influencing price movements. Conversely, low volume may signal less interest, potentially leading to more stable prices. In essence, real-time stock volume provides valuable insights into market dynamics, helping investors make informed decisions.
the background is colored based on whether the current candle price is bullish or bearish
shared study link: http://tos.mx/CtSNVMz Click here for --> Easiest way to load shared links
the background is colored based on whether the current candle price is bullish or bearish
shared study link: http://tos.mx/CtSNVMz Click here for --> Easiest way to load shared links
Ruby:
# Start of the script
def volume = volume();
# Check if the current price bar is bullish or bearish
def isBullish = close > open;
# Add a column with the real-time volume
AddLabel(yes, "" + volume);
AssignBackgroundColor(if isBullish then Color.dark_GREEN else Color.dark_RED);
# End of the script
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