Volume Density — Indicator by IldarAkhmetgaleev

A group of two indicators:
The "Volume Density" shows how much volume was thrown out relative to the covered price range.
The "Volume Density Bars" shows the same, but with colour on top of the bar chart.

Release Notes:

Merge with "Volume Density Bars" by adding option to colourize bars and disable histogram.

Release Notes:

Add option to select a moving average function

Release Notes:

Add clip value setting to clip spikes of high volume

Release Notes:

Fix priveiw image

Release Notes:

Fix "Invalid symbol" warning when the custom volume source is enabled.

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.

Disclaimer

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