1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
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
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.
Normalized volume scaling on a 0 to 100 scale
Color-coded volume columns based on candle polarity
Simple moving average volume line overlay
Configurable lookback period and moving average length
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
MA Length
int
10
ma_len
Normalization Lookback
int
100
vol_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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