TradingView
RektNoodle
Oct 1, 2022 12:57 AM

Volume Density w/barcolor 

Bitcoin / US DollarEightcap

Description

Opacity limit set to 70 min & barcolor overlay
The transparency of each candle is based on volume density.
Volume density is calculated as follows.
Volume density = Volume / Price range
Price range uses true range "max(high - low, abs(high - close), abs(low - close))".
Since volume density varies drastically by stock or time, the transparency is calculated based on the deviation rate from the average volume density.

Release Notes

Comments
raychartss
I love it, thanks man :) Especially the ''exclude first bar'' option ;)
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