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