OPEN-SOURCE SCRIPT

Clean Volume Bars (Green/Red + Above Avg Highlight)

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📊 Clean Volume Bars (Green/Red + Above Avg Highlight)

This script provides a clearer view of market volume by combining standard green/red volume bars with dynamic highlights for above-average activity.

Features:

✅ Green / Red Volume Bars – standard visualization:

Green when the candle closes higher than it opened

Red when the candle closes lower than it opened

✅ Average Volume Line – a simple moving average (default 20 periods) to track relative volume.

✅ Above Average Highlights – bars that exceed the average volume are emphasized:

White for above-average bullish volume

Black for above-average bearish volume

How to Use:

Look for white volume spikes during up candles → potential strong bullish activity.

Watch for black volume spikes during down candles → potential strong bearish pressure.

Combine with price action, trend, or other indicators for confluence (this is not a standalone trading system).

Pernyataan Penyangkalan

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