Volume Prism Ribbon

SPWR

The purpose of this script is to give insight into the volume action. The relative volume is calculated (based on 400 ticks) with the volume of down days (close-close[1]<0) being given a negative value. This function is then summed over 100 ticks. WMA's are used to generate a rainbow ribbon who's color order is easily recognized buy all of us. Watch and Warning points are added using crossover points. I find it to be a good supplement to my favorite Buy/Sell indicator. In addition to the wrapping of the ribbon, pay attention to where the zero line is as well.