DepthHouse Better Volume takes the standard volume bars and gives it an extreme overhaul.
The brighter colored bars signal strong buying or selling pressure in the market based on the volume. The small lines within the columns represent the duration of this increased buying and selling volume.
This calculation is based on negative and positive volume flow. These variables are based on the moving average length, type, and percent change. All of which are user defined.
DepthHouse Better Volume also changes how each bar color is calculated. The traditional calculation is dependent on the open and close of the candle. Whereas this volume indicator calculates the displayed color based on the position of the bar relevant to the last. The user has the option to turn this feature on or off.
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Release Notes
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decreased the occupancy of the trend momentum lines