This indicator displays volume in several formats:
Volume Bar Format:
Normal Volume: Shows the normal volume bar colors based on each candle's price direction
Up/Down Volume: Breaks down each volume bar into buying volume (volume added when price goes up) and selling volume (volume added when price goes down)
Volume Pressure: Breaks down each volume bar based on the length of the candle and its "pressure wick". See below for more information.
Flip Down Volume: The down volume bar will be displayed below the center line.
Show Delta: When selected with "Up/Down Volume" or "Volume Pressure", a small line will be displayed at the net volume (difference between up and down volume).
Projected Volume: Instead of current volume, it will show expected volume at end of candle based on volume per second.
Volume Pressure: On a green candle:
The red part represents the upper wick, the volume as the price comes back down from its high
The green part represents the rest of the candle, the volume as the price goes up from its low to the close
On a red candle:
The green part represents the lower wick, the volume as the price comes back up from its low
The red part represents the rest of the candle, the volume as the price goes down from its high to the close
To Update to Latest Version: To update to the latest version, just close the indicator and add it again.
Versionshinweise
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Added SMA, EMA and HMA moving averages for volume. When the Down volume is flipped, it will show separate moving averages for Up and Down volume.
Versionshinweise
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Fixed problem with volume bars jumping around when switching between tickers. Added a hidden scale line that keeps them relatively consistent.
Would love to try it, is it possible to add alerts?
rizwanaslam1974
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nice script. are you able to add option "Colored Volume Bars [LazyBear]", shorttitle="CVOLB_LB" that will make script more power full, is there any way we can place the indicator just like a built in volume i mean not in a seprate pane. Thanks
Bob-Lablaw
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@rizwanaslam1974, I'll take a look at what that indicator is doing. To move this one up into the main chart area, go to the Indicator name on the chart, click on the 3 dots (...), select Move To. You can move it up or down. If it's in the pane directly below the chart, select Move To > Existing Pane Above.
ousmanektra
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I have been looking for this volume, thank you
drgentleman1
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thank you for script.but i did'nt see delta volume.
Bob-Lablaw
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@drgentleman1, it only works with Up/Down Volume and Volume Pressure, if Flip Down Volume is also enabled. It just shows a yellow line wherever the delta volume is on the green/red bar.