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.
Информация о релизе
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-updated to pinescript v5 -added input for selecting MA source (SMA or EMA) -polished code format
thanks bro, whats the color gray and yellow ?? will be great if given a key ..
Lupo_Investing
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@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