OPEN-SOURCE SCRIPT
Updated Golden Volume Lines
📌 Golden Volume — Lines (Golden Team)
Golden Volume — Lines is an advanced volume-based indicator that detects Ultra High Volume candles using a statistical percentile model, then automatically draws and tracks key price levels derived from those candles.
The indicator highlights where real market interest and liquidity appear and shows how price reacts when those levels are broken.
🔍 How It Works
Volume Measurement
Choose between:
Units (raw volume)
Money (Volume × Average Price)
Average price can be calculated using HL2 or OHLC4.
Percentile-Based Classification
Volume is classified into:
Medium
High
Ultra High Volume
Thresholds are calculated using a rolling percentile window.
Ultra Volume candles are colored orange.
Dynamic High & Low Levels
For every Ultra Volume candle:
A High and Low dotted line is drawn.
Lines extend to the right until price breaks them.
Smart Line Break Detection (Wick-Based)
A line is considered broken when price wicks through it.
When a break occurs:
🟧 Orange line → broken by an Ultra Volume candle
⚪ White line → broken by a normal candle
The line stops exactly at the breaking candle.
🔔 Alerts
Alert on Ultra High Volume candles
Alert when a High or Low line is broken
Separate alerts for:
Break by Ultra Volume candle
Break by Normal candle
🎯 Use Cases
Breakout & continuation confirmation
Liquidity sweep detection
Volume-validated support & resistance
Market reaction after extreme participation
⚙️ Key Inputs
Volume display mode (Units / Money)
Percentile thresholds
Lookback window size
Maximum number of active Ultra levels
Optional dynamic alerts
⚠️ Disclaimer
This indicator is a volume and market structure tool, not a standalone trading system.
Always use proper risk management and additional confirmation.
Golden Volume — Lines is an advanced volume-based indicator that detects Ultra High Volume candles using a statistical percentile model, then automatically draws and tracks key price levels derived from those candles.
The indicator highlights where real market interest and liquidity appear and shows how price reacts when those levels are broken.
🔍 How It Works
Volume Measurement
Choose between:
Units (raw volume)
Money (Volume × Average Price)
Average price can be calculated using HL2 or OHLC4.
Percentile-Based Classification
Volume is classified into:
Medium
High
Ultra High Volume
Thresholds are calculated using a rolling percentile window.
Ultra Volume candles are colored orange.
Dynamic High & Low Levels
For every Ultra Volume candle:
A High and Low dotted line is drawn.
Lines extend to the right until price breaks them.
Smart Line Break Detection (Wick-Based)
A line is considered broken when price wicks through it.
When a break occurs:
🟧 Orange line → broken by an Ultra Volume candle
⚪ White line → broken by a normal candle
The line stops exactly at the breaking candle.
🔔 Alerts
Alert on Ultra High Volume candles
Alert when a High or Low line is broken
Separate alerts for:
Break by Ultra Volume candle
Break by Normal candle
🎯 Use Cases
Breakout & continuation confirmation
Liquidity sweep detection
Volume-validated support & resistance
Market reaction after extreme participation
⚙️ Key Inputs
Volume display mode (Units / Money)
Percentile thresholds
Lookback window size
Maximum number of active Ultra levels
Optional dynamic alerts
⚠️ Disclaimer
This indicator is a volume and market structure tool, not a standalone trading system.
Always use proper risk management and additional confirmation.
Release Notes
new update Release Notes
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new updateRelease Notes
new update Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.