OPEN-SOURCE SCRIPT

Volume Strength Highlight

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This simple script helps you quickly see when volume is strong or weak on the chart — it highlights the candles based on how the current volume compares to the recent average 📊

🔍 Here's what it does:

Calculates a 20-bar average volume

Marks candles green or red if volume is much higher than average (more than 1.5x)

Marks candles gray if volume is very low (less than 0.5x the average)

Normal candles stay unchanged

You can also turn on a basic volume plot in a separate panel if you want to compare visually (just toggle it in settings).

⚠️ It’s not a buy/sell signal — just a helper to see when the market is waking up or going quiet.

Not perfect but works well with other indicators! Let me know if you like it or have ideas to add more 💡

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.