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Interesting tool.
I am trying to figure out how one makes analysis out of it for the possible buy and sell signals, though.
At some points, the percentage buying volume is so high or keeps rising, yet we see the price just dropping.
Should the purpose of the tool be?
Low percentage buying volume = Drop in price
High percentage buying volume = Rise in price
I am trying to figure out how one makes analysis out of it for the possible buy and sell signals, though.
At some points, the percentage buying volume is so high or keeps rising, yet we see the price just dropping.
Should the purpose of the tool be?
Low percentage buying volume = Drop in price
High percentage buying volume = Rise in price
I think when the percentage buying volume is rising when price dropping means that downtrend lost its power and soon price can start growing, and vice versa.
And my other hypothesis is that when we see a large volume of buying or selling transactions this means that there will be either a breakdown or a rebound without returning to the price at wich those large transactions occured.
I checked the website this chart is free from tradingview it is a lightweight chart that you can get from here https://www.tradingview.com/lightweight-charts/
Or from their Github page here https://github.com/tradingview/lightweight-charts
If you can able to add more features to this tool it will be much more useful to traders like sample 1 to 5 seconds charts, RSI, and MACD. Since the JS code is from Tradingview you can maybe get more features that you can add to your chart.
Also, try to add news aggregator it is easy to add in your site you can use this widget below
- https://cryptopanic.com/developers/widgets/
Or from their Github page here https://github.com/tradingview/lightweight-charts
If you can able to add more features to this tool it will be much more useful to traders like sample 1 to 5 seconds charts, RSI, and MACD. Since the JS code is from Tradingview you can maybe get more features that you can add to your chart.
Also, try to add news aggregator it is easy to add in your site you can use this widget below
- https://cryptopanic.com/developers/widgets/
Thanks for advices.
I will definitely add this news aggregator to my site.
Yes, my tool is based on tradingview lightweight chart library, but I don't want to add indicators. My main point was to trow avay everything superfluous from chart, even time. Maybe I will add MA in near future.
Purpose of my tool is not trading per se, because i'm newbie in programming and there could be mistakes in my code, I just wanted to share a new way to build a chart. Maybe it will lead someone to new trading ideas.
