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Enhanced Volume

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Enhanced Volume (EV)
A comprehensive volume analysis tool designed to give traders a complete picture of buying and selling activity at a glance.

Key Features:
Relative Volume Colour Coding
Bars are automatically colour-coded based on volume significance — high relative volume bars stand out immediately, while low relative volume bars are flagged to help you avoid low-conviction moves.
Smart Labels
Automatically labels notable volume events directly on the chart:

High relative volume bars (2× average and above)
Highest volume in the past year (HV1Y)
Highest volume ever recorded for the instrument (★ HVE)

All labels display the raw volume figure and the percentage above average so you can assess conviction instantly.
Projected Volume
During the trading session, a projected end-of-day volume bar is calculated based on the current rate of flow. A projected run-rate percentage tells you whether today is on track to be a high or low volume day before the session closes.
2× and 3× Average Lines
Visual reference lines show exactly where 2× and 3× average volume sit, making it easy to gauge how significant the current bar really is.
Up/Down Volume Ratio
Tracks cumulative buying versus selling volume over a configurable lookback period, giving you a directional bias reading based on actual volume flow rather than price alone.
Summary Table
A clean on-chart table displays all key metrics in one place — current volume, average volume, average dollar volume, up/down ratio, relative volume percentage, projected volume, and volume ratio.
Inputs:

SMA length for average volume calculation
High and low relative volume thresholds
1-year lookback period for HV1Y detection
Up/Down volume lookback period
Toggle projected volume bar and 2×/3× lines on or off
Full colour customisation for all bar states

Built for momentum and breakout traders who use volume as a primary confirmation tool.
Notas de prensa
V 1.1

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