Volume, Simple Relative Volume Highlight

This script plots volume bars and highlight bars that have an unusual activity, compare to the average (Standard: Simple Moving Average , 50 periods).

The script is useful for checking daily volume levels on equities. Where there is high volume , there is likely volatility , wich is good for day trading and swing trading entries.

發布通知:

-updated to pinescript v5
-added input for selecting MA source (SMA or EMA)
-polished code format