Volume with High/Low Coloring

The "Volume with High/Low Coloring" indicator is designed to help traders visually differentiate between high, low, and normal volume bars relative to recent historical averages. By applying dynamic color coding and customizable thresholds, this indicator enhances volume analysis and improves your ability to spot key moments of accumulation, distribution, or market inactivity.

High Volume: A bar is marked as high volume when it exceeds the average by a customizable multiplier (default is 1.5×).

Low Volume: A bar is considered low volume when it falls below the average by another multiplier (default is 0.5×).

Normal Volume: All bars that fall between the high and low thresholds.

Each category is displayed in a different user-selectable color, providing instant visual feedback for volume dynamics.

Customizable Colors:

High Volume: Light Green (default: semi-transparent green)

Low Volume: Light Blue (default: semi-transparent blue)

Normal Volume: Yellow (default: semi-transparent yellow)

Average Volume Line: Gray (optional reference line)