OPEN-SOURCE SCRIPT
Volume xSMA Mod
Updated
Simple Volume indicator. showing rounded ratio of Current volume and simple moving average as xSMA (read as times SMA).
Quick metric to understand the impact of volume in trends, etc.
Example:
if Vol = 50 and SMA = 5
xSMA = 50/5 = 10
Indicated as the Third Number in Volume label.
Quick metric to understand the impact of volume in trends, etc.
Example:
if Vol = 50 and SMA = 5
xSMA = 50/5 = 10
Indicated as the Third Number in Volume label.
Release Notes
Few Updates Release Notes
Minor tweaks to improve visibility and color-schemeChanges to note-
1 - change ma_length to 13 instead of 14 (personal preference - can be changed)
2 - added background and foreground columns and stepline for volume ma (for better visibility)
3 - change default text size to large for labels and default color to white (for better visibility)
Thanks for support on version 1 of the script. I was delighted to know that some one is liking my stuff.
Please continue the support and check out my other scripts as well.
Thank you.
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 publication is governed by House rules. You can favorite it to use it on a chart.
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