Its not Volume

This is an update to someone elses script. You guys can use it. It just works better but in my opinion, its not really telling you much about volume.

You need to be educated in the processes of trading volume and this just isnt it.

(Weighted Pressure) Blue line = Positional value of cumulative volume over time (lookback)

(Bottom Line) Red line = The smoothed moving average of weighted pressure

VW Smoothed Pressure (Volume inflow and outflow colored line) = This is a reverse of the (Bottom Line) Its purpose it so give you a colored condition of when the Bottom line is moving to of away from its weighted pressure

Volume Inflow = Volume flowing into the asset
Volume Outflow = Volume flowing out of the asset

**Volume Inflow and outflow do NOT determine the trend direction**

How to use it:
Compare the postions of Weighted Pressure.
If Weighted Pressure is above its smoothed value, and you have INFLOW VOLUME color
You have good volume to trade.

If Weighted Pressure is below its smoothed value, and you have INFLOW VOLUME color
You have good volume to trade.
If Weighted Pressure is below its smoothed average, and you have OUTFLOW color you are losing volume to trade.

Good volume is determined by the Volume (Blue) always above its average AND you have INFLOW color.
There are minimal times when this isnt true ( volume is below average but you still have inflow color) this is a RANGE or a transfer of volume.

In a downtrend, these (WRONG ZONES) will later be seen as VOLUME RESISTANCE ZONES
In an uptrend these (WRONG ZONES) will later been seen as VOLUME SUPPORT ZONES