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Lupo_Investing
Mar 12, 2019 4:05 PM

Volume, Relative Volume Highlight 

Dick's Sporting Goods IncNYSE

描述

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.

版本注释

Added statement to avoid "Internal Server Study Error" on 1 minute chart.

Simplified the code overall

Modified color palette for better differetiantion of levels

版本注释

Added input box for custom relative volume threshold

Minor fixes to plot to maket it more readable

版本注释

Changed display image

版本注释

Corrected formatting error on 1 min scale
评论
Lupo_Investing
Edit: The script works from 5 minutes to 120 minutes timeframes
dmitry089234
Hello, thank you for sharing this volume indicator.
Is it possible to highlight the volume of the current bar if the previous bar has a lower volume?

It will be helpful for some VSA signals.
Please let me know,
Thank you.
Lupo_Investing
@dmitry089234, do you mean in general or when the high relative volume threshold is active?
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