Volume Color Bars with SMA MACD & Linear Regression

Volume Bars colored to make it easy to read with Volume Spread Analysis Indicator.
1. Red - Volume less than Simple Moving Average
2. Blue - Volume higher than Simple Moving Average
3. Black - Maximum volume of last Max_Count bar (default = 40 bars)

Additionally, you can plot Moving Average, Linear Regression and MACD of volume .
Release Notes: Option to draw linear regression line
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.

Want to use this script on a chart?


I dont understand what the black volume bar means...can you explain again
rathiabhi glennc100
@glennc100, Maximum volume in last 40 candles
ty for volume code
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