OPEN-SOURCE SCRIPT

VolumeVsVSMAComparison

Shows 3 bars. One for the 100sma, one for 25sma, and one for 5sma. The bar color is blue if it's "low volume" compared to the sma, green if it's about average, yellow if it's high, and red if it's very high.

Top bar is 100sma, middle is 25, and bottom is 5
Volume Indicator

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.

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