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Volume Plus

universalteacher  
Volume Indicator Volume VOLUMEBREAKOUT pricevolume relativevolume
490
3
volume volumestudies volumebreakout pricevolume relativevolume
Volume plus provides volume insights to identify increase or decrease in relative volume or sudden volume expansion that exceeds the average. Based on the period selected the script displays the color code.

Features
1. Two different sensitivity levels can be selected for volumes and coloring.
2. Whenever the volume is higher than the selected SMA, volume bars will change color.
3. Can Plot 20 SMA (can be changed)
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.

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