// Downloaded From https://www.WiseStockTrader.com _SECTION_BEGIN("VPA_Relative_Vol"); LBP = Param("Look Back", 15, 0, 100,1 ); V1=IIf(V<=0,MA(V,LBP),V); //minimize errors on volume data (data <= 0) Mean = MA(ln(V1),LBP); // LBP periods moving average of(natural logaritm of( volume)) avvol = exp(mean); // average volume VolUnit = avvol/3.5; // avvol=VolUnit*3.5 // color up bar volume blue, down bar volume red, volume lower than the volumes of the 2 previous bars pink Clr = IIf(V1Ref(Close,-1),29,IIf(Close==Ref(Close,-1),1,32))); // Ultra High band // Ultra High band // Ultra High band VeryHighBand = avvol + VolUnit*3.5;// 7 ---------------- // Very High band HighBand = avvol + VolUnit*2.5; // 6 ---------------- // High band // High band AvgBandHigh = avvol + VolUnit/2; // 4 ---------------- //------------------------------------ 3.5 Average band AvgBandLow = avvol - VolUnit/2; // 3 ---------------- // Low band // Low band LowBand = avvol - VolUnit*2.5; // 1 ---------------- // Very low band //-------------------------------------0----------------- Plot(exp(ln(V1)),"",Clr,6); // plot Volume Histogram Plot(avvol,"",29,1);// plot average volume Plot(0,"",29,1|4096); // plot 0 volume Plot(LowBand,"",40,styleArea|1|4096); Plot(AvgBandLow,"",52,styleArea|1|4096); Plot(AvgBandHigh,"",10,styleArea|1|4096); Plot(HighBand,"",52,styleArea|1|4096); Plot(VeryHighBand,"",40,styleArea|1|4096); _SECTION_END();