Lupo_Investing

Volume, Simple Relative Volume Highlight

This script plots volume bars and highlight bars that have an unusual activity, compare to the average (Standard: Simple Moving Average , 50 periods).

The script is useful for checking daily volume levels on equities. Where there is high volume , there is likely volatility , wich is good for day trading and swing trading entries.
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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Kommentarer

thanks bro, whats the color gray and yellow ?? will be great if given a key ..
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Lupo_Investing Futuretrader2050
@Futuretrader2050, what is red/green is above the high threshold value for RV (set to 40% above the 50 day average), yellow is volume below low threshold (40% below the 50 day average). you can modify all of the settings in the parameters menu
Svara
Thank you dude this is superb
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Thanks @YRCapital
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