Volume plus provides volume insights to identify increase or decrease in relative volume or sudden volume expansion that exceeds the average. Based on the period selected the script displays the color code.
Features 1. Two different sensitivity levels can be selected for volumes and coloring. 2. Whenever the volume is higher than the selected SMA, volume bars will change color. 3. Can Plot 20 SMA (can be changed)
Hey, great indicator! Is it possible to automatically adjust the size of the volume bars ? And insert it on the main chart but on the bottom of the chart like the classic volume indicator ?
arindam_ghosh
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With this are you finding average volume for determining the entry exit points of institutional money and generate buy signals along with some other criteria??
universalteacher
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@arindam_ghosh, You can use a momentum indicator like RSI with this volume indicator to understand what the price can do.
Is it possible to automatically adjust the size of the volume bars ? And insert it on the main chart but on the bottom of the chart like the classic volume indicator ?