The Swami Volume study is a technical indicator designed for Thermo Mode; it shows volume relative to its average. Like in all Thermo Mode specific studies, shorter lookback periods reflect recent changes, middle range periods are used for confirmation, and the longest ones signify possibility of continuation.
While the traditional volume chart only gives a discrete picture of volume values, Swami Volume smooths out deviations from the average thus showing if the relative volume is high, low, or intermediate. In default color scheme, blue areas indicate lower volume while white areas signify higher volume.
||The number of bars used with averages.|
||The Swami Volume plot used in Thermo Mode.|
*For illustrative purposes only. Not a recommendation of a specific security or investment strategy.