OPEN-SOURCE SCRIPT
Colored Volumes Histogram
This colored volumes histogram uses standard deviation from the mean to color bars.
I prefer use large Length input for more stability at mean and standard deviation values.
Uses 5 colors, by default:
I coded another script, called "Volumes on Candles". It uses the same idea, but color directly the candle. https://br.tradingview.com/script/w5ISqPxw/
I prefer use large Length input for more stability at mean and standard deviation values.
Uses 5 colors, by default:
- Red = Volume >= 4 stdev;
- Orange = 4 stdev > Volume >= 2.5 stdev;
- Yellow = 2.5 stdev > Volume >= 1 stdev;
- White = 1 stdev > Volume >= -0.5 stdev;
- Aqua = -0.5 stdev > Volume.
I coded another script, called "Volumes on Candles". It uses the same idea, but color directly the candle. https://br.tradingview.com/script/w5ISqPxw/
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.