IldarAkhmetgaleev

Vol color bars

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Highlight bars according it's volume releative to near candles. This script usefull for VSA             trading.
Red bar - extrime high volume
Orange bar - volume is high
Grayish bar - volume is normal
Green bar - volume is low
Blue bar - almost no volume
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study(title="Vol color bars", shorttitle="VolBar", overlay=true)
std_len = input(40, minval=5, title='Deviation lenght')
thresshold1 = input(200, minval=0, title='Thresshold 1') / 100
thresshold2 = input(300, minval=0, title='Thresshold 2') / 100
thresshold3 = input(50, minval=0, title='Thresshold Low 1') / 100
thresshold4 = input(25, minval=0, title='Thresshold Low 2') / 100

color1 = #FF0000
color2 = #FF9100
color3 = #888818
color4 = #00DD23
color5 = #0099FF

avg = stdev(volume, std_len)
highvol1 = volume > avg * thresshold1
highvol2 = volume > avg * thresshold2
lowvol1 = volume < avg * thresshold3
lowvol2 = volume < avg * thresshold4

color = highvol2 ? color1 : highvol1 ? color2 : lowvol2 ? color5 : lowvol1 ? color4 : color3 

barcolor(color)

// upbar = close[1] - close
// plotarrow(upbar, transp=60, colorup=red, colordown=green)
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