Volume Density w/barcolor
Opacity limit set to 70 min & barcolor overlay
The transparency of each candle is based on volume density.
Volume density is calculated as follows.
Volume density = Volume / Price range
Price range uses true range "max(high - low, abs(high - close), abs(low - close))".
Since volume density varies drastically by stock or time, the transparency is calculated based on the deviation rate from the average volume density.
The transparency of each candle is based on volume density.
Volume density is calculated as follows.
Volume density = Volume / Price range
Price range uses true range "max(high - low, abs(high - close), abs(low - close))".
Since volume density varies drastically by stock or time, the transparency is calculated based on the deviation rate from the average volume density.
Versionshinweise:
This update adds 20+ color settings and removes the bars in favor of candle plots, lines, bars. see below
https://s3.tradingview.com/snapshots/8/8Z0voJFq.png
https://s3.tradingview.com/snapshots/u/uXEGKrFW.png
https://s3.tradingview.com/snapshots/2/2HSqOo51.png
https://s3.tradingview.com/snapshots/0/0rpVk2hL.png
https://s3.tradingview.com/snapshots/x/XlOdDzmp.png
https://s3.tradingview.com/snapshots/8/8Z0voJFq.png
https://s3.tradingview.com/snapshots/u/uXEGKrFW.png
https://s3.tradingview.com/snapshots/2/2HSqOo51.png
https://s3.tradingview.com/snapshots/0/0rpVk2hL.png
https://s3.tradingview.com/snapshots/x/XlOdDzmp.png