OPEN-SOURCE SCRIPT
Updated Volume Color Bars with SMA MACD & Linear Regression
Volume Bars colored to make it easy to read with Volume Spread Analysis Indicator.
1. Red - Volume less than Simple Moving Average
2. Blue - Volume higher than Simple Moving Average
3. Black - Maximum volume of last Max_Count bar (default = 40 bars)
Additionally, you can plot Moving Average, Linear Regression and MACD of volume.
1. Red - Volume less than Simple Moving Average
2. Blue - Volume higher than Simple Moving Average
3. Black - Maximum volume of last Max_Count bar (default = 40 bars)
Additionally, you can plot Moving Average, Linear Regression and MACD of volume.
Release Notes
Option to draw linear regression lineOpen-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.