It changes the color of volume bars based on surrounding volume changes.
Volume changes are plotted as volume MAs lines in the volume pane.
Whenever the volume is higher than these MAs, the bar changes color.
For this reason, the bar color change is RELATIVE TO the surroundings, because the color change depends on how far the MA has been extended due to sudden (or not) changes in the volume.
BAR COLORS:
Weak Green and Red: Low volume. The calm before or after the storm.
Normal Green and Red: Mid volume. Still low volume, you may get bored.
Yellow: High volume. Players are playing hard and harder.
White: Ultra-High Volume. The elephants stepped in.
NOTES:
SVA works better at lower timeframes. Though as far as I can tell, it works pretty well as far as 1D timeframe.
Cambia el color de las barras basándose en los últimos cambios de volumen.
Los cambios de volumen son ploteados como lineas de medias móviles (MAs, es decir "Moving Averages") en la sección del volumen (chart pane).
En cualquier momento que el volumen es mayor que estos MAs, el color de las barras cambia.
Por esta razon, el cambio de color de las barras es RELATIVO a lo que está sucediendo alrededor, ya que el cambio de color depende de qué tan lejos el MA se haya extendido por causa de los últimos cambios (o no) de volumen.
BAR COLORS:
Verde y rojo apagados: Volumen bajo (Low Volume). La calma antes de la tormenta.
Verde y rojo normales: Volumen medio (Mid volume). Volumen todavía bajo. Es posible que te aburras.
Amarillo: Volumen alto (High Volume). Los jugadores están jugando duro.
Blanco: Volumen ultra-alto (Ultra-High Volume). Los elefantes entran a la cancha.
NOTAS:
SVA funciona mejor en temporalidades menores. Pero por lo que he visto, funciona bien hasta la temporalidad de 1D.
Phát hành các Ghi chú
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Added improvements to previous features.
Added programmatic alarms and conditional alarms.
Phát hành các Ghi chú
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- Added layout themes: Custom, Light and Dark.
Phát hành các Ghi chú
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Several fixes, improvements and simplifications.
Phát hành các Ghi chú
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Chart update.
Phát hành các Ghi chú
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Added new moving averages and color change for UHV. Now there are 3 shades for UHV. Like so: UHV:L (low range), UHV:M (mid range) and UHV:H (high range). Both, for light and dark theme.
Code simplification, code organization improved.
Alerts improved.
I'll be releasing in the coming weeks a companion indicator with signals mirroring in the price chart the volume bars color changes. Stay tuned!
Increíble este indicador, hiciste un muy buen trabajo, lo empezare a usar, muchas gracias por compartirlo. 😁👏
BlueJayBird
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@ReadyToDie999, gracias. Dentro de poco voy a actualizar o subir una versión nueva, con mejoras y alarmas incorporadas. Estate atento.
BlueJayBird
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Fellas, TrandingView Coins are appreciated.
Boombardeiro77
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awesome! may i ask how to interpret the volume multiplier?
BlueJayBird
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@Boombardeiro77, of course. Go to settings, in the "Enablers" section enable "Volume MAs" (remember to read and understand the tooltip). The colored MA lines will become visible. The multipliers change the height/distance of those lines to the horizontal line (zero value). If any bar crosses those lines, they change the color they are painted in. I invite you to test out how it works in a 1m or 1s timeframe. Try different set ups and get used to it. By the way, I still have a newer version of this indicator. I'll release it later this year (I'm writing this comment on February 2022). Let me know if you find any possible bug, please.
IBL444
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Looking awesome, I like how you did visual interface
BlueJayBird
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@ibogd, Thanks. I'll be thinking and adding improvements. Send me any feedback you may have here in the comment section. Follow if you want.
yarlagaddasahithi
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Thanks a lot. The white lines are invisible in default theme. I had to use dark theme.