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Akiel

Multi MA on candlestick volume indicator

Akiel  
Volume Moving Averages multi candle color highvolume percent
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volumestudies movingaverage multi candle color highvolume percent
Uses 5 volume moving averages to change the candlestick color depending on how high above average volume is.

The volumes plotted at the bottom of the chart are set to the same settings as the indicator, you can see the volume bars that stick higher above the orange moving average are a different color on the chart to the smaller ones.

Any volume bar that is below the moving average is colored purple.
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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