Get started
sonnyparlin

BetterVolumeAvg

sonnyparlin Updated   
Volume Volume Indicator volumeanalysis
260
5
volumestudies volume volumeanalysis
Pinescript 5 version of buy/sell volume indicator with average. This script is original in that there are no versions of this study written in Pinescript 5 that I know of and while I've seen other buy/sell volume scripts this one includes a moving average.
Release Notes:
Small change with text string. It's an SMA not an EMA.
Release Notes:
Users now have the option of plotting the average volume behind the candles or in front of the candles.
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?