Volume (Colors) (Indicator)

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Input Information

Name	Expression	Default	Description
UpColorCriterion	Boolean	Close > Open	Enter an EasyLanguage expression that, when true, causes the volume histogram to be UpColor.
DownColorCriterion	Boolean	Close < Open	Enter an EasyLanguage expression that, when true, causes the volume histogram to be DownColor.
UpColor	Numeric	UpColorDefault	Enter the color to be used for the volume plot when UpColorCriterion is true.
DownColor	Numeric	DownColorDefault	Enter the color to be used for the volume plot when DownColorCriterion is true.
DefaultColor	Numeric	DarkGray	Enter the color to be used for the volume plot when UpColorCriterion and DownColorCriterion are both true or both false.
ShowVolumeAverage	Boolean	TRUE	Enter a Boolean EasyLanguage expression. When this expression is true, the average volume line is plotted.
AvgLength	Numeric	50	Average length. Enter the number of bars used in the computation of the moving average of volume.
AlertPct	Numeric	50	Alert percentage. Enter the percentage amount, above the average volume, that will trigger an alert.

Market Synopsis

Volume of each bar. Volume histogram plots are colored based on user-specified criteria.

Plot Information

Number	Name	Default Color	Description
Plot1	Vol	DarkGray	Plots the volume as a histogram.
Plot2	VolAvg	Dark Orange	Plots the average volume as a line.
Plot3	ZeroLine	Transparent	Plots a line at zero.

 

This study can be applied to a RadarScreen window, or to a chart.