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Lupo_Investing
12 Th03 2019 16:05

Volume, Relative Volume Highlight 

Dick's Sporting Goods IncNYSE

Mô tả

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.

Phát hành các Ghi chú

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

Simplified the code overall

Modified color palette for better differetiantion of levels

Phát hành các Ghi chú

Added input box for custom relative volume threshold

Minor fixes to plot to maket it more readable

Phát hành các Ghi chú

Changed display image

Phát hành các Ghi chú

Corrected formatting error on 1 min scale
Bình luận
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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