OPEN-SOURCE SCRIPT
Volume Bars and Regions of Interest
Updated
The bars are colored according to the volume traded. The volume weights were distributed logically for a better analysis.
<0.666 low volume
0.666 to 1.333 median volume
1,333 to 2,666 high volume
> 2,666 'institutional' volume
The moving average bands are the average of the highs and lows. They show a region of interest and not just a 'line'.
<0.666 low volume
0.666 to 1.333 median volume
1,333 to 2,666 high volume
> 2,666 'institutional' volume
The moving average bands are the average of the highs and lows. They show a region of interest and not just a 'line'.
Release Notes
Atualização: Melhor distribuição do volume e novo dégradé de cores das velas. Melhoria na exibição dos valores das médias.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.
Want to use this script 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.