OPEN-SOURCE SCRIPT
High Volume Bars
This script colors bars whenever their volume has exceeded more than a standard deviation (or multiples of it) from a given amount of bars in the past.
Volume is commonly used as confirmation for a break of a significant level, or as indicative of offside positions when a level fails to be defended. Conviction or Excess, depending on the context.
Volume is commonly used as confirmation for a break of a significant level, or as indicative of offside positions when a level fails to be defended. Conviction or Excess, depending on the context.
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.