# EquiVolume

EquiVolume redraws the visible chart with candle widths scaled to traded volume, stretching busy bars wide and squeezing quiet ones thin. Optional intrabar analysis fills each candle with the share of lower-timeframe volume and candles moving in its direction. Price and volume in a single plot, with no separate pane to cross-reference.

- Indicator in the LuxAlgo Library, by LuxAlgo, published May 9, 2023.
- Access: free.
- Concepts: [EquiVolume](https://www.luxalgo.com/library/concept/equivolume/) (primary)
- Open on Vela: https://vela.luxalgo.com/chart?pineScriptCodeId=cmpwn1fqo001yvhsg0sv0ww31
- Page: https://www.luxalgo.com/library/indicator/equivolume/

**EquiVolume** redraws the visible portion of the chart in the [EquiVolume](https://www.luxalgo.com/library/concept/equivolume/) style: each candle's width is scaled to its traded volume, stretching busy bars wide and squeezing quiet ones thin. Price and volume merge into one plot (no separate pane, no cross-referencing), and a column mode can plot regular volume with the same width scaling instead.

## How to Trade the EquiVolume?

- **Wide candles**: volume spikes stand out exactly where they happened in price, making it easy to line up heavy participation with the levels that produced it.
- **Intrabar fill**: with intrabar analysis enabled, each candle shows what share of lower-timeframe volume and candles moved with its direction. A green 15-minute bar containing ten green 1-minute bars fills 66.67% green.
- **Narrow stretches**: sequences of thin candles show moves made on little participation, useful context before trusting a breakout.

The script renders from the last visible bar leftward, so scrolling back reveals history segment by segment. If the chosen lower timeframe sits too far from the chart timeframe, the script raises it automatically and posts a small notification; on rare occasions a wick may not align perfectly in the center of its box.

## EquiVolume Settings

- **Intrabar analysis**: enables the per-candle direction and volume breakdown.
- **Lower Time Frame (LTF)**: 1 to 240 minutes; closer to the chart timeframe is safer, and the script self-adjusts when needed.
- **Minimum Width**: the floor for bar width, keeping low-volume bars legible.
- **Maximum Width**: the cap that stops high-volume bars from swamping the chart.

## Frequently Asked Questions

### How does the intrabar fill work?

The script compares lower-timeframe candles against the chart candle's direction, then reports both the volume percentage and the candle count moving that way. It is a quick gauge of how one-sided the activity inside a bar really was.

### What if I want buy/sell detail instead of width?

[Volume Delta Candles](https://www.luxalgo.com/library/indicator/volume-delta-candles/) folds per-candle buy and sell volume into the candle display, a complementary approach when direction of volume matters more than its size.

### How can I access EquiVolume?

It is free to use. One click on this Library page puts it on your chart. You can also copy the source code from this page and run it anywhere Pine Script® runs.

## Related indicators

- [Line Break](https://www.luxalgo.com/library/indicator/line-break/) (Meta & Composition): markdown at https://www.luxalgo.com/library/indicator/line-break.md
- [Renko Boxes](https://www.luxalgo.com/library/indicator/renko-boxes/) (Renko): markdown at https://www.luxalgo.com/library/indicator/renko-boxes.md
- [Bitcoin Power Law](https://www.luxalgo.com/library/indicator/bitcoin-power-law/) (Chart Scales): markdown at https://www.luxalgo.com/library/indicator/bitcoin-power-law.md
- [Alternative Bar Types](https://www.luxalgo.com/library/indicator/alternative-bar-types/) (Meta & Composition): markdown at https://www.luxalgo.com/library/indicator/alternative-bar-types.md
- [Point & Figure](https://www.luxalgo.com/library/indicator/point-and-figure/) (Meta & Composition): markdown at https://www.luxalgo.com/library/indicator/point-and-figure.md
- [Kagi](https://www.luxalgo.com/library/indicator/kagi/) (Meta & Composition): markdown at https://www.luxalgo.com/library/indicator/kagi.md
- [Custom Indices/baskets](https://www.luxalgo.com/library/indicator/custom-indices-baskets/) (Meta & Composition): markdown at https://www.luxalgo.com/library/indicator/custom-indices-baskets.md
- [Volume-adjusted Time](https://www.luxalgo.com/library/indicator/volume-adjusted-time/) (Meta & Composition): markdown at https://www.luxalgo.com/library/indicator/volume-adjusted-time.md

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Source: https://www.luxalgo.com/library/indicator/equivolume/ (LuxAlgo Library). Free to use with attribution: https://www.luxalgo.com/library/license/