Equivolume Bars

Updated

Equivolume bars. Width is determined by volume. Please note that equivolume bars are rendered independently of the time scale.

Makes use of LonesomeTheBlue's "Start the Script on Last Nth Bar" in order to prevent time out. As such you are only able to view the most recent bars and no bar replay beyond that range.

Release Notes

Added a secondary style which makes OHLC visible. With the new style the left vertical line is always the low, right vertical line the high. Horizontal lines are shift to open/close.

Release Notes

Referencing length error fix

Release Notes

Major update
Complete rewrite to take advantage of new box() functions.

Instructions

This has been coded in a specific way due to certain chart properties being inaccessible via Pine. It requires a few simple manual steps to be set up correctly.

First add the equivolume indicator(s) to your chart

Next from the chart toolbar, change the chart type to line chart.

Then from the chart settings (right click chart / Settings). Under the Symbol section, change the Line color opacity to 0 (fully transparent).

From the chart settings in the Appearance section, set the top and bottom margins to 0 (Margins will be controlled from within the script).

Next set the chart's ticker scale to no scale (the three dot symbol to the right of the ticker id on the chart itself), select Pin to scale / No scale (fullscreen)

Then lastly, set the indicator(s) scales the same way, but make sure they are pinned to the same left or right scale (usually A). It doesn't matter which as long it's the same one.
The exception is the volume bar overlay which should be set to no scale as well.

If you change any of the margin settings / equivolume settings you need to ensure they are copied over to the other overlays to ensure that everything is positioned the same.

At this point, zoom out to ensure the full bar set is loaded. Everything should line up at this point and you can zoom back in if you want to.

The available addons for equivolume can be found here

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 publication is governed by House rules. You can favorite it to use it on a chart.

Want to use this script on a chart?

rumpypumpydumpy

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.