PipTick Volume indicator is a great tool for measuring tick volume activity. It helps traders simply and quickly evaluate the current size of the volume. The indicator for the classification of the size of volume uses the moving average and its multiples. Accordingly, where the volume is located (relative to the moving average), it is labeled as ultra-low, low, average, high, very high, or ultra-high.
By default, six zones can be changed by the user. Depending on which zone corresponds to the volume, the bar of the histogram is colored by the appropriate color. This way you can easily recognize how high the volume is, in comparison with the previous bars.