Volume Wizard - Omkar

• Volume bars on up days will be in 'silver' colour.
  

• Volume bars on down days will be in 'grey' colour.
  

• The volume bar will ‘be red’ in colour if the latest close is below the previous close and the volume is more than the average volume.
  

• A green circle will be plotted if the current candle volume is the least in the last 20 days.
  

• The volume bar will be ‘blue’ in colour if the current candle volume is more than the highest volume of the down day in the last 5 days (5-day Pocket Pivot).
  

• The volume bar will be ‘green’ in colour if the current candle volume is more than the highest volume of the down day in the last 10 days (10-day Pocket Pivot).
  

• The volume bar will be ‘lime’ in colour if the current candle volume is more than the highest volume of the down day in the last 20 days (20-day Pocket Pivot).
  

• The volume bar will be ‘teal’ in colour if the current candle volume is highest in the last 3 months.
  

• The volume bar will be ‘aqua’ in colour if the current candle volume is highest in the last 1 year.
  

• If the current volume is the lowest in the last 22 days, a tiny yellow circle will be plotted on the volume average line on daily and weekly timeframe only.
  

• If the current volume is more than three times the average volume and the close is in the top half of the candle, a diamond will be plotted at the top of the volume bar on a daily and weekly timeframe only.
  

• Average volume days and Pivot lookback period can be modified.
  

• The table shows the average turnover, the number of pocket pivots in the last ‘n’ days and the up-down ratio.
  

• The table position can be changed.
  

Volume Wizard - Omkar indicator provides me with insights, allowing me to make informed trading decisions, and identify potential trends.
It's my go-to companion for navigating the financial markets with confidence.

Add it to your favourites and start using it right away.
Happy trading!

Release Notes:

• MA Type
  
• 
  

Added Moving Average Type for calculating 'Average Volume'.

• RVol
  

Added 'Relative Volume' in percentage in the Table.

Release Notes:

• Added 'Relative Volume' in the table.
  

Release Notes:

• Added 2-week volume contraction.
  

• Added text for High volumes.
  

• Rectified RVol.