I have updated the indicator to help visualize volume . The percentage scale is based on a 21 period look back average . The colored volume bars represent volumes that exceed specified standard deviation of this 21 period average as indicated in the figure. The deviation bands are based on a the 55sma of the 21 period average (brown line). A 8 period sma of the 21 moving average (red line) is also indicated.
Love the creativity using standard deviations. Nice work. Check out my Arbitrary Price Pivot tool, same kind of concept.
SteynTrade
⋅
Thanks, will check it out.
akshay.lakhina
⋅
This is an excellent way of analyzing the volume. It takes time to adjust to the information this system is providing but once your eyes are set then one can make very good use of it.
Thank YOU!