Ranged Volume - evo — Indicator by EvoCrypto

volatility volumestudies highest lowest breakout heikinashi

A simple script that shows mirrored regular volume bars with the purpose to show break-outs and low volume ranges, using highest and lowest of a few bars back.

Use Heikin Ashi function to smooth the colors with the trend.

Release Notes:

- Added alerts
- Separated break out colors
- Added bar colors
- Changed default range to 5 (a good setting to see how strong the trend is)

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

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.

Want to use this script on a chart?