Colored Volume per Range Bars — Indicator by IldarAkhmetgaleev

volatility volumestudies color bars

Shows relative volume per price range by bar colors.

Release Notes:

Use log scale to calculate ranges.

Release Notes:

Do not use log on volume.

Release Notes:

Go back to linear price difference.

Release Notes:

Algorithm rewrite.

Release Notes:

Calculate price range by division.
Division works better in daily and weekly timeframes.

Release Notes:

Default interval is changed.

Release Notes:

Add option to use custom ticker as volume source

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.

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