OPEN-SOURCE SCRIPT
VPSR
VP Sovereign Reign (VPSR) - Advanced Volume Profile Analysis
A sophisticated volume analysis tool that provides deep insights into market participation and momentum through an intuitive visual interface. This indicator helps traders identify significant market moves, potential reversals, and institutional activity.
Key Features:
1. Smart Volume Analysis
• Dynamic volume profiling
• Institutional participation detection
• Abnormal volume identification
• Real-time momentum tracking
2. Advanced Visual System
• Color-coded volume bars
• Adaptive cloud formation
• Reversal pattern detection
• Fake-out warning system
Visual Components:
1. Volume Bars
• Green: Bullish pressure with normal volume
• Purple: Bearish pressure with normal volume
• White: Significant bullish participation
• Pink: Significant bearish participation
• Orange: High-probability reversal zones
2. Dynamic Cloud
• White Cloud: Bullish control zone
• Purple Cloud: Bearish control zone
• Cloud density indicates participation strength
• Adaptive to market conditions
Signal Interpretation:
1. Normal Market Conditions
• Green/Purple bars show directional pressure
• Cloud color indicates dominant force
• Cloud height shows average participation
2. Significant Events
• White/Pink bars signal major moves
• Orange bars highlight potential reversals
• Cloud expansion shows increasing activity
• Cloud contraction indicates consolidation
Customization Options:
• Volume MA Length: Smoothing factor
• Abnormal Volume Threshold: Sensitivity
• Cloud Display: Toggle visualization
• Color scheme optimization
Best Practices:
1. Multiple Timeframe Analysis
• Start with higher timeframes
• Confirm on lower timeframes
• Watch for confluence
2. Volume Analysis
• Compare to historical levels
• Monitor abnormal spikes
• Track participation trends
3. Trade Management
• Use as confirmation tool
• Wait for clear signals
• Monitor fake-out warnings
• Combine with price action
Trading Applications:
1. Trend Analysis
• Identify strong moves
• Spot weakening trends
• Detect consolidation
2. Reversal Detection
• Spot potential turning points
• Identify fake-outs
• Monitor institutional activity
3. Risk Management
• Volume-based position sizing
• Stop loss placement
• Profit target selection
The VP Sovereign Reign indicator excels at:
• Identifying significant market moves
• Detecting institutional participation
• Warning of potential reversals
• Highlighting fake-outs
• Providing clear market context
Risk Warning:
This indicator is designed as a technical analysis tool and should be used as part of a complete trading strategy. Past performance does not guarantee future results. Always employ proper risk management techniques.
Note: For optimal results, use in conjunction with price action analysis and other complementary indicators.
A sophisticated volume analysis tool that provides deep insights into market participation and momentum through an intuitive visual interface. This indicator helps traders identify significant market moves, potential reversals, and institutional activity.
Key Features:
1. Smart Volume Analysis
• Dynamic volume profiling
• Institutional participation detection
• Abnormal volume identification
• Real-time momentum tracking
2. Advanced Visual System
• Color-coded volume bars
• Adaptive cloud formation
• Reversal pattern detection
• Fake-out warning system
Visual Components:
1. Volume Bars
• Green: Bullish pressure with normal volume
• Purple: Bearish pressure with normal volume
• White: Significant bullish participation
• Pink: Significant bearish participation
• Orange: High-probability reversal zones
2. Dynamic Cloud
• White Cloud: Bullish control zone
• Purple Cloud: Bearish control zone
• Cloud density indicates participation strength
• Adaptive to market conditions
Signal Interpretation:
1. Normal Market Conditions
• Green/Purple bars show directional pressure
• Cloud color indicates dominant force
• Cloud height shows average participation
2. Significant Events
• White/Pink bars signal major moves
• Orange bars highlight potential reversals
• Cloud expansion shows increasing activity
• Cloud contraction indicates consolidation
Customization Options:
• Volume MA Length: Smoothing factor
• Abnormal Volume Threshold: Sensitivity
• Cloud Display: Toggle visualization
• Color scheme optimization
Best Practices:
1. Multiple Timeframe Analysis
• Start with higher timeframes
• Confirm on lower timeframes
• Watch for confluence
2. Volume Analysis
• Compare to historical levels
• Monitor abnormal spikes
• Track participation trends
3. Trade Management
• Use as confirmation tool
• Wait for clear signals
• Monitor fake-out warnings
• Combine with price action
Trading Applications:
1. Trend Analysis
• Identify strong moves
• Spot weakening trends
• Detect consolidation
2. Reversal Detection
• Spot potential turning points
• Identify fake-outs
• Monitor institutional activity
3. Risk Management
• Volume-based position sizing
• Stop loss placement
• Profit target selection
The VP Sovereign Reign indicator excels at:
• Identifying significant market moves
• Detecting institutional participation
• Warning of potential reversals
• Highlighting fake-outs
• Providing clear market context
Risk Warning:
This indicator is designed as a technical analysis tool and should be used as part of a complete trading strategy. Past performance does not guarantee future results. Always employ proper risk management techniques.
Note: For optimal results, use in conjunction with price action analysis and other complementary indicators.
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.