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Treshold

Volume Treshold [UTS]Volume Treshold If volume of a candle is more than x percent of the average volume of the last n candles, it changes colour. Can be shown on the candles themselves and could be set to independent figures vs the volume bars Both elements of this, the volume bars and candles could be edited independently with the following values; - Lookback period how many bars should be taken into consideration - % that causes it to be triggered settable in decimals up to 3.5 where 1.0 equals to 100% - Colour to change the volume bar to can be set via menu - Colour to change the candle to can be set via menu - Ability to show the treshold as visualized drawing over the histogram - Ability to choose smoothing method SMA | EMA - Optional: to add a moving average to the volume bars Note: only works on charts with volume information
Pine Script® indicator
by UberTradingSystems
Oct 12, 2020

Select market data provided by ICE Data services. Select reference data provided by FactSet. Copyright © 2025 FactSet Research Systems Inc.© 2025 TradingView, Inc.

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