Volume+ (RVOL/Alerts)

This indicator colors the volume bars based on any of the three follow criteria:

- Volume Amount
- RVOL (Relative Volume)
- Lookback (Highest Over Period)

You can use one, two or all three of these settings at the same time.

You can also set alerts with this indicator. The script will trigger an alert whenever any of the three specified flags are triggered.

RVOL is calculated as: Volume divided by Moving Average value. You can change the moving average period (and type) in the settings.

Versionshinweise:

Added option to draw Volume Amount and Lookback Thresholds

Versionshinweise:

Minor improvements

Versionshinweise:

Updated to Pine Script version 4

Versionshinweise:

Removed an input setting (show MA) and moved it to Style menu

Versionshinweise:

Updated to Pine Script v5