Volume, Relative Volume Highlight
The indicator plots regular volume bars.
The highlight is given by the current cumulative volume for the day, compared to a custom average (standard 20 periods). The stronger the color, the higher the relative volume is. Stocks moving of higher relative volume have higher chances of making predictable moves.
The highlight is given by the current cumulative volume for the day, compared to a custom average (standard 20 periods). The stronger the color, the higher the relative volume is. Stocks moving of higher relative volume have higher chances of making predictable moves.
Notes de version:
Added statement to avoid "Internal Server Study Error" on 1 minute chart.
Simplified the code overall
Modified color palette for better differetiantion of levels
Simplified the code overall
Modified color palette for better differetiantion of levels
Notes de version:
Added input box for custom relative volume threshold
Minor fixes to plot to maket it more readable
Minor fixes to plot to maket it more readable
Notes de version:
Changed display image
Notes de version:
Corrected formatting error on 1 min scale