This script uses the idea behind Bollinger Bands and Market Facilitation Index.
This is not a trend direction indicator. Use this for confirmation only.
Green Bars : High Volume and High Volatility
Yellow Bars : Low Volume and Low Volatility
Blue Bars : Low Volume but High Volatility
Pink Bars : High Volume but Low Volatility
This is not a trend direction indicator. Use this for confirmation only.
Green Bars : High Volume and High Volatility
Yellow Bars : Low Volume and Low Volatility
Blue Bars : Low Volume but High Volatility
Pink Bars : High Volume but Low Volatility