Volume, Relative Volume Highlight

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.

릴리즈 노트

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

Simplified the code overall

Modified color palette for better differetiantion of levels

릴리즈 노트

Added input box for custom relative volume threshold

Minor fixes to plot to maket it more readable

릴리즈 노트

Changed display image

릴리즈 노트

Corrected formatting error on 1 min scale

오픈 소스 스크립트

In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.

For quick access on a chart, add this script to your favorites — learn more here.