OPEN-SOURCE SCRIPT
Volumatic Trend [ChartPrime]
A unique trend-following indicator that blends trend logic with volume visualization, offering a dynamic view of market momentum and activity. It automatically detects trend shifts and paints volume histograms at key levels, allowing traders to easily spot strength or weakness within trends.
⯁ KEY FEATURES
- Trend Detection System:
Uses a custom combination of weighted EMA (swma) and regular EMA to detect trend direction.
A diamond appears on trend shift, indicating the starting point of a new bullish or bearish phase. - Volume Histogram Zones:
At each new trend, the indicator draws two horizontal zones (top and bottom) and visualizes volume activity within that trend using dynamic histogram candles. - Gradient-Based Candle Coloring:
Candle color is blended with a gradient based on volume intensity. This helps highlight where volume spikes occurred, making it easy to identify pressure points. - Volume Summary Labels:
A label at the end of each trend zone displays two critical values:
- Delta: net volume difference between bullish and bearish bars.
- Total: overall volume accumulated during the trend.
⯁ HOW TO USE
- Monitor diamond markers to identify when a new trend begins.
- Use volume histogram spikes to assess if the trend is supported by strong volume or lacking participation.
- A high delta with strong total volume in a trend indicates institutional support.
- Compare gradient strength of candles—brighter areas represent higher-volume trading activity.
- Can be used alone or combined with other confirmation tools like structure breaks, liquidity sweeps, or order blocks.
⯁ CONCLUSION
Volumatic Trend [ChartPrime] gives you more than just trend direction—it provides insight into the force behind it. With volume-graded candles and real-time histogram overlays, traders can instantly assess whether a trend is backed by conviction or fading strength. A perfect tool for swing traders and intraday strategists looking to add volume context to their directional setups.
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.
For quick access on a chart, add this script to your favorites — learn more here.
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.
For quick access on a chart, add this script to your favorites — learn more here.
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.