Calculates the standard Money Flow Index (MFI) oscillator alongside an exponential moving average signal line in a separate pane. The script visually highlights trend conditions through dynamic ribbon filling, optional difference histogram bars, and overbought
Indicator · Pine Script v5 · Own pane
Litt Volume ++
The Litt Volume ++ indicator measures relative volume by comparing raw volume against a 100-period exponential moving average baseline.
GitHub stars3on the repository
Pine versionv5runs as is
Lines of code31
Settings4inputs
LicenceNone statedfile: MPL-2.0
Last update5 months ago27 May 2026
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above, or the copy button on the code below.
- 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
- 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
Source Code
31 lines of Pine Script v5 from Tradingview/litt-volume.pine, published under MPL-2.0 (file header). Keep the author's credit and licence lines when you reuse it.
// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// © goodgains
//@version=5
indicator("Litt Volume ++")
// @keywords: relative-volume, rvol-histogram, rvol-ema-average, volume-threshold-bands, high-low-volume-zones, volume-columns-plot, smoothed-volume-baseline, extreme-volume-marker, average-rvol-area, dashed-threshold-line, volume-compare-period, intraday-volume-spike, below-average-volume, volume-ema-smoothing, rvol-ratio-plot, volume-intensity-scale, percent-volume-baseline, volume-momentum, liquidity-gauge, volume-regime
//VOLUME
above_threshold1_color = input.color(color.new(#4dd0e1,30), title = "Extremly High Volume",group='Volume Settings')
above_threshold2_color = input.color(color.new(color.yellow,30), title = "High Volume",group='Volume Settings')
normal_color = input.color(color.new(color.white,30), title = "Normal Volume",group='Volume Settings')
below_threshold1_color = input.color(color.new(color.gray,50), title = "Low Volume",group='Volume Settings')
period = 100
vol = volume
svol = ta.ema(vol, period)
rvol = vol / svol[1]
avg_rvol = ta.ema(rvol,20)
rvol_upthreshold1 = 2.00
rvol_upthreshold2 = 1.25
rvol_downthreshold1 = 0.80
rvol_downthreshold2 = 0.30
//rvol_color = rvol >= rvol_upthreshold1 ? above_threshold1_color : rvol >= rvol_upthreshold2 ? above_threshold2_color : rvol <= rvol_downthreshold2 ? below_threshold2_color : rvol <= rvol_downthreshold1 ? below_threshold1_color : normal_color
rvol_color =avg_rvol >= rvol_upthreshold1 ? above_threshold1_color: avg_rvol >= rvol_upthreshold2 ? above_threshold2_color : avg_rvol <= rvol_downthreshold1 ? below_threshold1_color : normal_color
plot(rvol, style = plot.style_columns, editable = false , color = rvol_color)
plot(avg_rvol, style = plot.style_area, editable = false , color = color.new(normal_color,95))
threshold_line = hline(rvol_upthreshold1, linestyle=hline.style_dashed, editable = false, color = below_threshold1_color)
Overview
Litt Volume ++ calculates a relative volume ratio and smooths it with a 20-period EMA to identify volume intensity levels. Rendered in a separate pane, it displays volume as a column chart color-coded into extremely high, high, normal, or low categories based on predefined thresholds, accompanied by a background relative volume baseline.
- Relative volume comparison against EMA baseline
- Color-coded volume columns for volume intensity
- Smoothed relative volume average area plot
- Customizable threshold colors for high and low volume
Details
Published by
g-moe on GitHub
Code credit
goodgains, as written in the script's header
Type
Draws
Separate pane below the chart
Category
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Extremly High Volume | color | color.new(#4dd0e1,30) | above_threshold1_color |
| High Volume | color | color.new(color.yellow,30) | above_threshold2_color |
| Normal Volume | color | color.new(color.white,30) | normal_color |
| Low Volume | color | color.new(color.gray,50) | below_threshold1_color |
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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