Color Bars Volume — Indicador por alissonlucrecio

Volume

989 vizualizações

The bars are colored exclusively according to volume average:

Ultra high Volume = Volume > Mean Volume * 3.5;
Very high Volume = Volume > (Mean Volume * 2.5) and Volume <= (Mean Volume * 3.5);
High Volume = Volume > (Mean Volume * 1.5) and Volume <= (Mean Volume *2.5);
Medium Volume = Volume > (Mean Volume * 0.5) and volume <= (Mean Volume *1.5);
Low Volume = ( Volume > (Mean Volume * 0.5).

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.

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Comentários

The best and Straightforward volume colored bars on TradingView!

To make this works flawlessly, replace line 15 by this:

colorbar = ultrahighVol ? color.red : veryhighVol ? color.orange : highVol ? color.yellow : mediumVol ? color.white : color.aqua

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