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//www.stockbangladesh.

com
//Mehedi Arafat
_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(V1<Ref(V1,-1)AND V1<Ref(V1,-2),11,IIf(Close>Ref(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();