This script can display a lot of different volume statistics. It also colours bars depending on a chosen, customisable criterion. Most options are disabled by default and can be reenabled in the settings menu.
Why are the bars slightly higher than the default volume bars?
Due to the limitations of Pinescript.
What are the two last values (including the...
Colours for candles/bars determined by
- standard deviation of price, and also
- additional inputs to determine if the candle/bar is significant:-
1) volume more than half the average volume, or
2) net movement (up, down) same as previous candle/bar
Developed for black background, but you can adjust the colours to your liking. Best used...
Exponential moving average of 200 periods, which changes color according to the position of the candles.
(200 periods: default configuration Option to change periods allowed)
If the candles are on the EMA, this will have green color, otherwise red color (colors, thickness...