Volume Histogram with % Change by [e-mail]

This Pine Script indicator visualizes the Volume Delta using a histogram and provides percentage change labels for each bar. It helps traders analyze buying and selling pressure effectively by measuring the difference between up-volume and down-volume over a chosen timeframe.

🔍 Key Features:
✅ Histogram Representation:

The indicator displays Volume Delta as a color-coded histogram.
Green bars indicate higher buying pressure, while red bars indicate higher selling pressure.
✅ Percentage Change Calculation:

Calculates the absolute percentage change in Volume Delta compared to the previous bar.
The percent change label appears above each histogram bar.
Green text for positive changes and red text for negative changes.
✅ Custom Timeframe Support:

Users can enable custom timeframes to fine-tune Volume Delta calculations.
If a custom timeframe is not selected, the indicator auto-adjusts based on the chart timeframe.
✅ Error Handling & Robustness:

Handles missing volume data safely.
Prevents division errors by ensuring previous values are properly checked before calculations.
✅ Zero Line Reference:

A horizontal zero line provides a reference point to quickly identify shifts in buying/selling momentum.
🔗 How to Use:
1️⃣ Add the indicator to your TradingView chart.
2️⃣ Enable/disable the custom timeframe option as needed.
3️⃣ Analyze Volume Delta bars for market trends:

Stronger green bars → Buying dominance.
Stronger red bars → Selling dominance.
4️⃣ Observe percentage change labels to detect shifts in momentum.
📈 Use Cases:
📊 Day Traders & Scalpers: Identify short-term buy/sell dominance.
📊 Swing Traders: Detect volume-based trend shifts.
📊 Technical Analysts: Combine with other volume indicators for confirmation.

By - Akshat Sirohi
Email - sirohi2706[at]gmail.com

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