OPEN-SOURCE SCRIPT

Color Coded Price-Weighted Volume

This script provides a) price weighted volume to provide fair estimate on liquidity b) color coded bars to ensure relatively high or low volume bars can be identified c)capping for very high volume bars.
Volume IndicatorVolume

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.

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