Get started
crypto_rife

High Volume Bars

crypto_rife  
Volume relativevolume
350
5
volumestudies relativevolume
This script colors bars whenever their volume has exceeded more than a standard deviation (or multiples of it) from a given amount of bars in the past.

Volume is commonly used as confirmation for a break of a significant level, or as indicative of offside positions when a level fails to be defended. Conviction or Excess, depending on the context.
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.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Want to use this script on a chart?