Advanced Volume
This simple indicator improves upon the built in volume indicator by adding the following:
-Option to use an EMA instead of SMA
-Advanced Coloring: Lighter bars show growing volume, darker bars show falling volume. Gray bars show very low relative volume (less than or equal to 50% of the moving average), while bars which have a highlighted background have a high relative volume( you can choose the threshold level, default is 2 times the RVOL).
Enjoy!
-Option to use an EMA instead of SMA
-Advanced Coloring: Lighter bars show growing volume, darker bars show falling volume. Gray bars show very low relative volume (less than or equal to 50% of the moving average), while bars which have a highlighted background have a high relative volume( you can choose the threshold level, default is 2 times the RVOL).
Enjoy!
Release Notes:
Updated to Pinescript V5
Added Data panel with ATR% and OBV state(if OBV > 55ema its bullish, and viceversa)
Added Pocket Pivot indicator of Gil Morales fame, which shows when a bullish volume bar is higher than the last n bearish bars and viceversa.
Added the option to choose up to 3 tickers to aggregate their volume, useful when trading crypto so you can sum the volume across 3 exchanges.
Added Data panel with ATR% and OBV state(if OBV > 55ema its bullish, and viceversa)
Added Pocket Pivot indicator of Gil Morales fame, which shows when a bullish volume bar is higher than the last n bearish bars and viceversa.
Added the option to choose up to 3 tickers to aggregate their volume, useful when trading crypto so you can sum the volume across 3 exchanges.
@FractalTrade_