OPEN-SOURCE SCRIPT
Relative Volume + Z-score + Normal Volume + Avg. Volume
A statistical way to visualize volume analytically compared to traditional volume. All Lookback Periods and Colors can be changed so user can make it feel personalized
- Relative Volume (RVOL) visualizer with the color of the histogram bar changing to represent exceeding a threshold specified by the user
For example --> (1.5 = Orange Bar) & (2 = Red Bar)
- Toggle View between RVOL visualization of volume vs. normal view of volume plot
- Z score lookback for volume across specified lookback per what user wants (dot/symbol above the bar)
- Average Volume Plot
- Relative Volume (RVOL) visualizer with the color of the histogram bar changing to represent exceeding a threshold specified by the user
For example --> (1.5 = Orange Bar) & (2 = Red Bar)
- Toggle View between RVOL visualization of volume vs. normal view of volume plot
- Z score lookback for volume across specified lookback per what user wants (dot/symbol above the bar)
- Average Volume Plot
Open-source script
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.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
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.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.