[Saga Trading] Volume Pro
Its purpose is to help traders distinguish between normal trading activity and statistically abnormal volume, which often appears during emotional or forced phases of the market.
Rather than relying on fixed thresholds, the script evaluates traded volume relative to its own recent behavior in order to highlight periods of excess participation. These situations may occur during panic selling, capitulation, or late-stage momentum, when risk tends to increase for late entries.
Volume expansion alone does not imply direction. Instead, it serves as a risk and exhaustion context, helping traders assess whether price movement is driven by structural participation or emotional imbalance.
This indicator is designed as a contextual and adaptive tool, allowing consistent interpretation across different assets and timeframes without manual optimization.
It does not provide buy or sell signals and should be used in conjunction with price action and market structure analysis.
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact KevSagaT directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
Disclaimer
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact KevSagaT directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.