OPEN-SOURCE SCRIPT
Updated

Moving Average Volume (20, 50)

253
Shows two moving averages of volume, the 20 and 50 periods.

white bars in the background show volume, look for breaks of the target lines to confirm a breakout with volume

green shaded regions show how much higher the current volume is compared to historical volume

the greener the shade, the higher the multiple is (cap is 10x higher)

indicator is to be used with other breakout identifiers, or to help confirm the strength of a move out of an SAR level.
Release Notes
Shows two moving averages of volume, the 20 and 50 periods.

white bars in the background show volume, look for breaks of the target lines to confirm a breakout with volume

green shaded regions show how much higher the current volume is compared to historical volume

the greener the shade, the higher the multiple is (cap is 10x higher)

indicator is to be used with other breakout identifiers, or to help confirm the strength of a move out of an SAR level.

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