Volume Avg (Indicator)
Input Information
Name | Expression | Default | Description |
Price | Numeric | Close | EasyLanguage expression to control the coloring of the volume histogram. |
AvgLength | Numeric | 50 | Period, expressed in bars, for which to calculate the average volume. |
UpColor | Numeric | Cyan | Color to be used for the volume plot when the Price input's value is greater than it was one bar ago. |
DownColor | Numeric | Red | Color to be used for the volume plot when the Price input's value is lower than it was one bar ago. |
UnchColor | Numeric | LightGray | Color to be used for the volume plot when the Price input's value is the same as it was one bar ago. |
Market Synopsis
The Volume Average indicator plots a 50-bar average of the volume overlaid on the current volume. You can change the number of bars used to calculate the average.
Plot Information
Number | Name | Default Color | Description |
Plot1 | Volume | Cyan/Red/LightGray | Plots the current volume. |
Plot2 | Volume Avg | Yellow | Plots the average of the volume. |
When applied to a chart, this indicator displays two plots in a subgraph separate from the price data.