High volume bar by Vibie
What it does
This indicator highlights candles with unusually high trading volume (detected using a Z-Score) and marks the Volume Point of Control (vPOC) within those candles. It can also combine volume data from multiple exchanges (Binance, Bybit, Coinbase) for a more accurate view of market activity.
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How it works
1. Z-Score Detection
• Measures how far current volume is from its average using standard deviations (Z-Score).
• If Z-Score > threshold, the candle is flagged as a High Volume Bar.
2. Aggregation Across Exchanges (optional)
• Volume data from Binance, Bybit, and Coinbase can be averaged.
• Helps reduce distortions from individual exchanges.
3. High Volume Candle Coloring
• Bullish high volume bar → colored blue (entire candle including wicks).
• Bearish high volume bar → colored red.
4. vPOC Calculation
• Drills into a lower timeframe (e.g., 1m) inside the high-volume bar.
• Finds the price with the highest traded volume (the intrabar “Volume Point of Control”).
• Draws a horizontal line at this price, extending for a set number of bars.
• This vPOC often acts as a short-term support/resistance.
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Why it’s useful
• Helps spot institutional footprints or sudden large trades.
• Shows the exact price level where liquidity concentrated during a big bar.
• Identifies potential decision levels for re-tests, reversals, or breakouts.
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 ivek 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 ivek 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.