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Volume By Color RSJ MT4
This simple indicator paints with a darker color on the volume bar when the quantity traded is above the average of select number of periods of the volume itself, highlighting the moments when there was a large volume of deals above the average.
It is also possible to use a configuration of four colors where the color tone shows a candle volume strength.
The indicator defaults to the simple average of 20 periods, but it is possible to change to other types of averages and periods.