Reveals candlesticks that have at least double the average volume.
The number at the low of the candlesticks represents a multiple of how much the candle exceeded the average volume
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colorcandlewithhighvolume = 1 //set equal to 1 for true and 0 for false, orange colored candlesticks are bearish on high volume and blue colored candlesticks represent high volume bullish candlesticks. volumeaverage = WilderAverage[125](Volume) IF (volume > (2*volumeaverage)) THEN y = ROUND(volume/volumeaverage) //assigns y the integer portion of the volume multiple DRAWTEXT("#y#",barindex,low,SansSerif,standard,11)coloured(0,0,0)//0,102,51 IF (colorcandlewithhighvolume) THEN IF(open < close) THEN DRAWCANDLE(open,high,low,close)COLOURED(0,128,255) ENDIF IF(close < open) THEN DRAWCANDLE(open,high,low,close)COLOURED(243, 132, 0) ENDIF ENDIF ENDIF RETURN |
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