A simple but effective indicator that paints candles with different shades of colors based on the volume transacted.
-> Supports 6 levels of sensitivity at present. Might enhance the granularity later. -> Darkest indicates the most volume transacted. Lightest, the least. Change it around however you see fit and based on your theme. -> Use it for your Volume Spread Analysis and/or in conjunction with any other strategies that you employ. -> Note that the volume ratio is calculated relative to the average volume of the last n candles ( EMA 20 by default).