Indicator · Pine Script v6 · Own pane

Volume

by mhs54

This indicator displays normalized volume on a 0 to 100 relative scale within a separate indicator pane.

View on GitHub

GitHub stars2on the repository
Pine versionv6current
Lines of code22
Settings2inputs
LicenceNone stated
Last update6 months ago28 Apr 2026

Add It to Your TradingView Chart

  1. 1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
  2. 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
  3. 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
  4. 4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.

Source Code

The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.

Overview

Volume identifies the highest volume over a customizable lookback period and rescales volume values accordingly, maintaining visual consistency across different chart timeframes. Volume bars are displayed as colored columns based on price direction, accompanied by an overlay of a Simple Moving Average line. Users can adjust the moving average period and the normalization lookback length to fine-tune volume smoothing and relative height calculations.

Details

Published by

mhs54 on GitHub

Type

Indicator, Pine Script v6

Draws

Separate pane below the chart

Category

Volume, Moving averages

Markets

Stocks

Timeframes

M15-H1

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.

SettingTypeDefaultVariable
MA Lengthint10ma_len
Normalization Lookbackint100vol_lookback
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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