Zigzag Volume Bars

Back to my favourite topic - Zigzags.

Here is an indicator which can help you visualise volume data on Zigzag swing highs and lows.

Settings are pretty simple and provides variety of display options
https://www.tradingview.com/x/hdcboFQx/

Display options are as demonstrated in the chart has following main types.

Regular
Plus/Minus - Stacked
Plus/Minus - Overlapping
Plus/Minus - Opposite Sides

https://www.tradingview.com/x/WmXT7Kgp/

Apart from the main display types, stacked display has several sub-types which determine whether to place green bar below red or the other way around.

Snapshot below shows example of each type.
https://www.tradingview.com/x/CeiQ8FEE/

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Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.

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Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.