This is a complex indicator that looks to provide some insight into the correlation between volume and price volatility.
Rising volatility is depicted with the color green while falling volatility is depicted with purple.
Lightness of the color is used to depict the length of the window used, darker == shorter in the 2 -> 512 window range.
Rising volatility is depicted with the color green while falling volatility is depicted with purple.
Lightness of the color is used to depict the length of the window used, darker == shorter in the 2 -> 512 window range.
Notes de version:
added a histogram to show last and recent(10 bars) distribution of correlation
Notes de version:
updated histogram calculation, it now allows the input length of the aggregation of values, added values display on histogram bars.
Notes de version:
added labels with some description.