Equivolume - volume as candle width

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Do price action and volume really need to be on separate graphs? Why not display them both on a single graph and reduce the clutter? Presenting Equivolume candles here on TradingView - inspired by the NinjaTrader implementation
This indicator allows you to view traditional OHLC candles but with the additional ability to see relative volume through variations of width and/or transparency

- Wide and/or full colour candles have the highest volume
- Thin and/or highly transparent candles have the lowest volume
- The following diagram shows the Equivolume indicator as well as a traditional volume graph along the bottom. You can see that when the volume is highest, the candle is widest and also the most intense color.
- The `Lookback candle count` user parameter specifies the number of candles to use in order to locate the highest volume within that range. All other candle widths in the range will be adjusted relative to this highest volume

- Toggle off the visibility of the original graph for the instrument to get the best view of the candles when using variable transparency

- Due to a Pine Script limitation a maximum of 500 variable width candles can be drawn on the chart
- If `Lookback candle count` is higher than the total number of available candles for the instrument, then the indicator will fail and not display anything. I’m still investigating how to handle this case better
- Be aware if you are using the `High` setting for the `Transparency range` parameter, candles with the lowest volume will be virtually invisible
發布通知: The wicks don't seem to appear unless I specify a `border_width`
發布通知: Fix so that if you choose a `lookback` range greater than the number of candles available, the chart will continue to work
發布通知: Show the `volume` amount as an additional value next to the indicator name and price

本著真正的TradingView精神,該腳本的作者將其開源發布,以便交易者可以理解和驗證它。為作者喝彩吧!您可以免費使用它,但在出版物中重複使用此代碼受網站規則的約束。 您可以收藏它以在圖表上使用。