🔹 This script shows price in a similar style as volume. To accomplish this we use the body of the candle (close-open), which is placed on a zero line.
This can be useful when comparing volume ~ price.
🔹 3 options are included to show additional lines, to make comparisons easier: · Percentile nearest rank · Bollinger Bands (BB) · Simple Moving Average (SMA)
🔶 SETTINGS
🔹 Option: choose whether to show price (candles) or volume . Adding 2 versions of this indicator on the chart enables you to compare these 2 options:
· In this case: · volume is higher than previous volume (volume > volume[1]) · volume is above 90th percentile rank (volume > prV) · price is lower than previous price (z < z[1]) · price is below 10th percentile rank (z < prP_)
· The second type background color is reversed (volume lower, price higher)
🔶 AUTOMATIC COLOUR CHANGE WHEN SWITCHING DARK/LIGHT MODE
🔹 chart.bg_color returns the color of the chart’s background from the "Chart settings/Appearance/Background" field, while chart.fg_color returns a color providing optimal contrast with chart.bg_color. · Following technique gives you the possibility to pick your own colour for either dark/light time.
· We first retrieve separately the red, green and blue component of the measured chart.bg_color