OPEN-SOURCE SCRIPT
High Volume Bars
This script colors bars whenever their volume has exceeded more than a standard deviation (or multiples of it) from a given amount of bars in the past.
Volume is commonly used as confirmation for a break of a significant level, or as indicative of offside positions when a level fails to be defended. Conviction or Excess, depending on the context.
Volume is commonly used as confirmation for a break of a significant level, or as indicative of offside positions when a level fails to be defended. Conviction or Excess, depending on the context.
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