Volume With Color

Volume with color helps to quickly identify accumulation or distribution.

An accumulation day is an up day with volume greater than a user selected average.
A distribution day is a down day with volume greater than a user selected average.

This indicator will highlight those days by changing the volume bar colors for an easy visual.

Versionshinweise:

Added functionality to plot volume as a histogram or line.
Code clean up.

Versionshinweise:

Now has the ability to show Pocket Pivots.

A pocket pivot is an up day with volume greater than any of the down days volume in the past 10 days.

Versionshinweise:

Clean up

Versionshinweise:

• Added ability to see projected volume bar
  
• Added info block with current day's volume and projected % change vs the average volume
  

Versionshinweise:

Ability to change text color for dark mode users

Versionshinweise:

• Added ability to see highest volume ever and highest volume in 1 year
  
• Added ability to highlight skyscrapers (no higher volume 13 bars left or right)
  

Versionshinweise:

• Added Pocket Pivot alerts
  

Versionshinweise:

User request to add the ability to plot a line at 2x and 3x average volume.

• Turn lines on or off
  
• Select line color
  
• Alerts if volume reaches 2x or 3x average
  

Versionshinweise:

Per user requests multiple new features added

• Additional volume info in table (Avg. Volume, Avg. Dollar Volume, Up Down Volume Ratio)
  
• Color volume dry up bars
  

Versionshinweise:

5 Day Pocket Pivots

• Added the ability to see 5 day pocket pivots
  

Versionshinweise:

Now able to change the size of the volume information table and skyscraper labels.

Versionshinweise:

User request to show volume percentage change on skyscraper volumes.

Versionshinweise:

Added option to automatically switch the volume moving average length when switching to a weekly chart. The weekly MA length can be set in the indicators settings and this option can be turned on or off to keep the MA consistent across all time frames.

Versionshinweise:

Option to color the MA based on the up down volume ratio.

Up down ratio > 1 - moving average is blue
Up down ration < 1 - moving average is orange

Added ability to see the volume percentage change for previous bars by hover over the volume.