OPEN-SOURCE SCRIPT
Volume to Candle Size Ratio
The "Volume to Candle Size Ratio" indicator calculates the ratio of volume to candle size for any time-based candles. It offers user-defined thresholds for percentage change and absolute value, coloring histogram bars based on whether the ratio or percentage increase exceeds specified thresholds. This indicator helps traders visualize volume dynamics relative to candle size, aiding in identifying potential trading opportunities.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.