Volume+ (RVOL/Alerts)

This indicator colors the volume bars based on any of the three follow criteria:

- Volume Amount
- RVOL (Relative Volume)
- Lookback (Highest Over Period)

You can use one, two or all three of these settings at the same time.

You can also set alerts with this indicator. The script will trigger an alert whenever any of the three specified flags are triggered.

RVOL is calculated as: Volume divided by Moving Average value. You can change the moving average period (and type) in the settings.

Notas de prensa

Added option to draw Volume Amount and Lookback Thresholds

Notas de prensa

Minor improvements

Notas de prensa

Updated to Pine Script version 4

Notas de prensa

Removed an input setting (show MA) and moved it to Style menu

Notas de prensa

Updated to Pine Script v5

Script de código abierto

In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.

ZenAndTheArtOfTrading

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Script de código abierto

ZenAndTheArtOfTrading

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