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Zigzag Volume Bars

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Zig Zag Indicator Volume Indicator Volume hewhomustnotbenamed
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zigzagindicator volume volumestudies hewhomustnotbenamed
Back to my favourite topic - Zigzags.

Here is an indicator which can help you visualise volume data on Zigzag swing highs and lows.

Settings are pretty simple and provides variety of display options
snapshot

Display options are as demonstrated in the chart has following main types.
  • Regular
  • Plus/Minus - Stacked
  • Plus/Minus - Overlapping
  • Plus/Minus - Opposite Sides

snapshot

Apart from the main display types, stacked display has several sub-types which determine whether to place green bar below red or the other way around.

Snapshot below shows example of each type.
snapshot
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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 a publication is governed by House Rules. You can favorite it to use it on a chart.

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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