universalteacher

Volume Plus

Volume plus provides volume insights to identify increase or decrease in relative volume or sudden volume expansion that exceeds the average. Based on the period selected the script displays the color code.

Features
1. Two different sensitivity levels can be selected for volumes and coloring.
2. Whenever the volume is higher than the selected SMA , volume bars will change color.
3. Can Plot 20 SMA (can be changed)
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 a publication is governed by House Rules. You can favorite it to use it on a chart.

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Comments

With this are you finding average volume for determining the entry exit points of institutional money and generate buy signals along with some other criteria??
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universalteacher arindam_ghosh
@arindam_ghosh, You can use a momentum indicator like RSI with this volume indicator to understand what the price can do.
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