ARVELOV Volume Squares: Current + Previous Candles

This indicator is a volume visualization tool that displays the most recent three candle volumes in a compact table on the chart. Instead of looking at the volume bars in the bottom pane, you get the values right on the price chart in a colored, easy-to-read format.

Here’s how it works:

📊 What It Shows

Current Candle Volume (latest bar)

Previous Candle Volume (1 bar ago)

Previous-Previous Candle Volume (2 bars ago)

Each of these is displayed as a row in a floating table on the chart (top-right corner).

🎨 Color Coding

Default Color (red) → Current bar if volume is below threshold.

Prev Color (gray) → Previous bars if volume is below threshold.

Hit Color (green) → Any bar where volume is greater than or equal to the chosen threshold.

This makes it instantly clear if the current or recent candles had unusually high volume.

⚙️ Settings

Current Candle Background Color → customize the default color.

Hit Color → choose how a "high volume" candle background looks.

Previous Candle Background Color → customize previous candles.

Text Color → control how the volume numbers are displayed.

Volume Threshold (editable) → default is 450, but you can set any number from the indicator menu.

✅ Use Case

This indicator is useful when you want to:

Quickly spot candles with significant volume spikes.

Compare the last few bars to see if volume is rising or falling.

Avoid having to read volume bars from the lower pane (especially helpful on smaller screens).