Posted on code base and also adding here.

Force index is a tool that already tells the power(volume) used to move the price of an asset. In addition to that this new implementation provides bands based on volume and volatility. Breakouts from these bands is easily visible with the color change. Expansion and contraction of bands can hint rise and fall of volatility.

Usage:-

Use color changes as breakout signals or reversal signals depending on the state of the market.