Volume Ranges (VSA) — Indicator by stonedbear

The script is intended for volume analysis
It shows if the volume is low, average, high or ultra-high.
Can be applied to any timeframe and any asset.

There're two calculation methods user can choose from:
1. Ranges - it allows to set a lookback period and moving average type to calculate averages
2. Deviations. In this case only one setting is applied - lookback period. Average type is not involved in this calculation method

Play around to figure out which one is better for you

Colors are:
Red - low volume
Green - avg volume
Yellow - high volume
Blue - ultra high volume

Protected script

This script is published closed-source but you may use it freely. You can favorite it to use it on a chart. You cannot view or modify its source code.

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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