Displays the volume behind each candle with colors, to visualise their evolution over time, directly in the chart. This indicator is best suited for dark mode (Suggested background color: #0a0c12).
The more intense is the color, the bigger is the volume. The unit is a 400 periods moving average of the volume, considered as 1 volume. Each color represents half of this volume. For ex: Grays indicate under (or equal) to the 400 MA (low volumes). Bright yellow represents above 7 times the 400 MA (very high volumes).
When there's no available volume datas, the candles turn bright green by default.
The wicks' colors stay the same, and can still indicate the direction of the candle.
In the settings, you can show/hide the gradient of the volume. By moving your chart over this gradient, it is possible to compare the candles to the colors, and read the corresponding volume number.
Wow! I am designer but I love programing in free time and I must say this is most beutiful indicator :)
n1d0
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Great visualization of Volume. Better than other Volume Candle indicators, this calculation is straightforward and the evolution of the colors make sense. I've been using it on lower timeframes.
Some options for customization could be nice though: I would imagine that you would like to use a smaller MA period on higher time-frames, for example. The ability to change the colours would also be appreciated by others.