The indicator plots regular volume bars. The highlight is given by the current cumulative volume for the day, compared to a custom average (standard 20 periods). The stronger the color, the higher the relative volume is. Stocks moving of higher relative volume have higher chances of making predictable moves.
Versionshinweise
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Added statement to avoid "Internal Server Study Error" on 1 minute chart.
Simplified the code overall
Modified color palette for better differetiantion of levels
Versionshinweise
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Added input box for custom relative volume threshold