Volume Volatility Indicator vol: volume; vma: rma of volume Cyan column shows (vol - vma)/vma, if vol > vma else shows 0 0 value means vol less than vma: good for continuation 0 < value < 1 means vol more than vma: good for trend value > 1 means vol more than 2 * vma: good for reversal
tr: truerange; atr: averagetruerange Lime column show -(tr - atr)/atr, if tr > atr else show 0 0 value means tr less than atr: good for continuation 0 > value > -1 means tr more than atr: good for trend value < -1 means tr more than 2 * atr: good for reversal
Cyan line = 1 Lime line = -1
This indicator shows the volume and truerange together. Good for filtering trending and consolidating markets.