Volume Comparison

vor 4 Tagen

This indicator is designed to visually compare the current day's trading volume against the average trading volumes of 3, 5, and 10 days. It highlights certain conditions based on the comparison and provides alerts.

Inputs for Customization:

1. The user can toggle visibility for the 3-day, 5-day, and 10-day average volumes using boolean inputs.

2. Average Volume Calculation:

This indicator calculate simple moving averages of the trading volume for 3, 5, and 10-day periods.

3.Conditions:

The indicator checks whether the current day's volume is greater than the respective moving averages for 3, 5, and 10 days.

4. Background Color for Visual Indicators:

If the current day's volume is greater than any of the averages and the corresponding option is enabled, the background color is adjusted:

* Green if the volume is greater than the 3-day average.
* Blue if the volume is greater than the 5-day average.
* Red if the volume is greater than the 10-day average.

5. Plotting the Averages:

The moving averages are plotted on the chart, with different colors for each (green for 3-day, blue for 5-day, and red for 10-day).

6. This indicator can be used to help visually track whether today's volume is above the moving average, which can signal increased market activity or interest.

vor 4 Tagen

Versionshinweise

Update:
Dynamic Color for Moving Averages:

For each moving average (3-day, 5-day, and 10-day), the color changes depending on whether the current day's volume is greater than the corresponding moving average:

* 3-day average: Green if the volume is above, Red if below.
* 5-day average: Blue if the volume is above, Orange if below.
* 10-day average: Purple if the volume is above, Yellow if below.