OPEN-SOURCE SCRIPT

Volume Visualizer

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Volume by Hannsome

The Volume Visualizer is a simple yet effective tool designed to display trading volume in a dedicated panel below the main price chart. Its primary goal is to help you easily identify when trading activity is significantly higher than usual.

The indicator plots two key elements:

Volume Bars: These are standard volume bars showing the amount of trading activity for each period. To draw your attention to important moments, bars with unusually high volume are highlighted in a distinct color (yellow by default).

Average Volume Line: A moving average line (orange by default) is plotted over the volume bars. This line represents the recent average trading volume, giving you a clear baseline to compare the current volume against.

A "significant" volume spike is defined as any period where the volume exceeds the moving average by a certain multiplier. You can adjust both the moving average length and this multiplier in the indicator's settings to fine-tune its sensitivity to what you consider a significant spike in activity.

Penafian

Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.