QOG Volume Indicator identifies unusual volume compared with historical data.
Darker the purple indicates higher degree of deviation from normal.
Volume indicator is useful to help identify potential trend reversal. Suggest to use QOG Volume Indicator in combination with TradingView built-ins volume indicator (search volume in indicators drop down). With default one you can see whether it is outflow or inflow, and then check out whether QOG volume indicates the volume exceeds normal range and degree of violation to make a trading decision.
You can adjust the length of historical data to look back in the QOG Volume setting.
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