TradingView
Lupo_Investing
12 mar 2019 16:05

Volume, Relative Volume Highlight 

Dick's Sporting Goods IncNYSE

Opis

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.

Informacje o Wersji

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

Simplified the code overall

Modified color palette for better differetiantion of levels

Informacje o Wersji

Added input box for custom relative volume threshold

Minor fixes to plot to maket it more readable

Informacje o Wersji

Changed display image

Informacje o Wersji

Corrected formatting error on 1 min scale
Komentarze
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?
Więcej