This indicator tells you how high or low was a bar volume by using a moving average, it feeds the moving average with bars tick volume data and compares each bar volume with bars volume moving average value.
If the bar volume was greater than moving average value then it considers bar as a high volume bar and if it was lower than moving average value then the bar is a low volume bar.
- Easy to use with just two parameter
- You are able to change moving average type and periods
- Separate high and low volume bars in two separate up/down histograms