OPEN-SOURCE SCRIPT

Clean Volume Bars (Green/Red + Above Avg Highlight)

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๐Ÿ“Š Clean Volume Bars (Green/Red + Above Avg Highlight)

This script provides a clearer view of market volume by combining standard green/red volume bars with dynamic highlights for above-average activity.

Features:

โœ… Green / Red Volume Bars โ€“ standard visualization:

Green when the candle closes higher than it opened

Red when the candle closes lower than it opened

โœ… Average Volume Line โ€“ a simple moving average (default 20 periods) to track relative volume.

โœ… Above Average Highlights โ€“ bars that exceed the average volume are emphasized:

White for above-average bullish volume

Black for above-average bearish volume

How to Use:

Look for white volume spikes during up candles โ†’ potential strong bullish activity.

Watch for black volume spikes during down candles โ†’ potential strong bearish pressure.

Combine with price action, trend, or other indicators for confluence (this is not a standalone trading system).

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.