TraderLion's Enhanced Volume
Features:
1. High Relative Volume Bars: Clearly highlight high relative volume bars with a high closing range lime green for the best interpretation of volume on your Daily & Weekly Charts.
2. Low Relative Volume Bars: Clearly labels low relative volume days with a down arrow to interpret constructive price & volume action on your Daily & Weekly Charts.
3. Volume Labels: High volume days are labeled to show 2 things: Total shares traded and Percent above average
4. Highest Volume Ever: Look for HVE letters on top of the volume bar to identify this powerful characteristic (this is really the highest volume in the past 10 years due to TradingView's lookback limitation. However, this is a good spot to check to see if this volume is in fact the Highest Volume Ever).
5. Highest Volume in Over a Year: Another powerful characteristic we look for at TL showing new information and interest in a particular stock. Look for the letters HV1 on top of the volume bar to identify this characteristic.
6. Highest Volume Since IPO: A very important characteristic for young stocks that might turn into big winners. Look for the HVIPO letters on top of the volume bar to identify this characteristic.
7. Simple Moving Average: SMA overlay on your volume without taking up limited indicator slots.
8. Average $ Volume: Average dollar volume over the past 20 or 50 session (user's choice). Great way to quickly measure the liquidity of a stock.
9. Up Down Volume: A measure of the up volume divided by the down volume over the past 20 or 50 days (user's choice). U/D Vol is a great way to measure whether a stock is under accumulation or distribution. Values above 1.5 are highlighted in green and values below 0.8 are highlighted in red.
10. % Chg: Measures a stocks volume percent change vs the volume moving average. Big volume bars 100% above the moving average are highlighted in green and particularly of interest.
11. New table feature displaying all information in a easy to read format.
Updates:
1. Highest Volume Ever: Look for HVE letters on top of the volume bar to identify this powerful characteristic (this is really the highest volume in the past 10 years due to TradingView's lookback limitation. However, this is a good spot to check to see if this volume is in fact the Highest Volume Ever).
2. Highest Volume in Over a Year: Changed syntax from HV to HV1.
3. Highest Volume Since IPO: A very important characteristic for young stocks that might turn into big winners. Look for the HVIPO letters on top of the volume bar to identify this characteristic.
4. Average $ Volume: Average dollar volume over the past 20 or 50 session (user's choice). Great way to quickly measure the liquidity of a stock.
5. Up Down Volume: A measure of the up volume divided by the down volume over the past 20 or 50 days (user's choice). U/D Vol is a great way to measure whether a stock is under accumulation or distribution. Values above 1.5 are highlighted in green and values below 0.8 are highlighted in red.
6. % Chg: Measures a stocks volume percent change vs the volume moving average. Big volume bars 100% above the moving average are highlighted in green and particularly of interest.
7. New table feature displaying all information in a easy to read format.