OPEN-SOURCE SCRIPT
Vol-Pace Projected-ATR-ADX-Alert-MA
The VolSC indicator analyzes stock volume trends with a focus on the Pace metric, which projects today's volume as a percentage of the 30-day average, highlighting unusual activity (e.g., over 200% turns bright green with alerts). The phantom projection bar, a wide green histogram to the right of the last bar, visually represents this projected volume on daily charts only, aiding quick identification of potential volume surges without cluttering intraday or weekly views. Additional features include ADX strength, ATR averages, and customizable table display for comprehensive insights.
Key Features:
* Primary Indicator: Volume with ADX (Average Directional Index) text.
* Pacing and Alerts: Calculates the volume pace for the day. Features an unusual volume alert with an adjustable threshold (e.g., 200%).
* Volume Projection: Projects a visual "Phantom Volume" for the day, offset to the right of the actual volume bar.
* ATR Indicator: Displays the 2x ATR (Average True Range) value as text.
* Volume Average: Displays the ADV (Average Daily Volume) Moving Average as text.
* Customization: Most settings are adjustable.
Key Features:
* Primary Indicator: Volume with ADX (Average Directional Index) text.
* Pacing and Alerts: Calculates the volume pace for the day. Features an unusual volume alert with an adjustable threshold (e.g., 200%).
* Volume Projection: Projects a visual "Phantom Volume" for the day, offset to the right of the actual volume bar.
* ATR Indicator: Displays the 2x ATR (Average True Range) value as text.
* Volume Average: Displays the ADV (Average Daily Volume) Moving Average as text.
* Customization: Most settings are adjustable.
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