VOLatiliUM — Indicator by informanerd

volatility volumestudies volumeanalysis volumevolatility variation price-volume htf timeframeanalysis

This is a useful conjunction of volume and volatility together in one script, so I named it a blended name!
It can show the diagram of:

- Volume
- Volume Variation (Volume - Past Volume)
- Volume Density (Volume / (High - Low))
- Volatility in combination with the aforesaid ones

It also offers two concepts of bar colorizing, by using the size of the bars or by applying volatility from a higher time frame (HTF).
The option "Absolute Bar Values" is included for the ones who like to see all bars positive above the zero line!

Feel free to use the script and send me your opinions. Thanks.

Release Notes:

- Fixed some bugs
- Added some colorization modes

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.

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