This may be a better visual cue for some people for the volume label.

 

The previous day's volume label will be light gray in color.

If today's volume is greater than the previous day's volume then the T-Vol label will be green.

If today's volume is less than the previous day's volume then the T-Vol label will be red.

In the event that the volume is = then the T-Vol label will be gray also. This would be a rare event but will happen and if no color is assigned for that condition then the T-Vol label would not display during that time.

Again, this is an identifier to help 'see' the volume per morning price action.

Enjoy:

# Begin Code

# Volume label by Palmer

# www.thepennystockquest.com

def yesterdayvol = volume(period = ”DAY”)[1];

def todayvol = volume(period = ”DAY”);

def volg = todayvol is greater than yesterdayvol;

def voll = todayvol is less than yesterdayvol;

AddLabel(yes, "Y_Vol: " +  yesterdayvol, Color.light_gray);

AddLabel(yes, ("T_Vol: " +  todayvol), if todayvol > yesterdayvol then Color.lime else if todayvol < yesterdayvol then color.red else color.light_gray);

# End Code