OPEN-SOURCE SCRIPT

User-Variable Low-Volume Calculator

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The indicator will look at the last 20x, 50x candles (user defined setting) and take the highest volume value in this period.

It will then mark a solid line against the volume, calculated by a user defined variable percentage (default 16%).

If you determine any volume values that are under 16% (for example) of the highest volume candles in any given period, this indicator will paint this 16% level onto a volume chart for you, this is useful to quickly and conveniently see which candles held a volume below this level

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