OPEN-SOURCE SCRIPT
Relative Volume Every Nth Candle
Displays relative volume (current volume vs 20-period SMA) as labeled bars every Nth candle. Green = above average volume (>1x), Red = below average (<1x).
How to use:
Add to any intraday chart (1m, 2m, 5m best)
Labels appear automatically every Nth candle above the high
Use to spot volume surges on key time intervals
*Important, auto fit price view by clicking on the right price bar, then lock it before making this indicator visible or it will not display properly!
Settings:
Show Every Nth Candle: 1=every bar, 3=every 3rd, 5=every fifth
SMA Length: Volume average period (default 20)
How to use:
Add to any intraday chart (1m, 2m, 5m best)
Labels appear automatically every Nth candle above the high
Use to spot volume surges on key time intervals
*Important, auto fit price view by clicking on the right price bar, then lock it before making this indicator visible or it will not display properly!
Settings:
Show Every Nth Candle: 1=every bar, 3=every 3rd, 5=every fifth
SMA Length: Volume average period (default 20)
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.