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INVITE-ONLY SCRIPT
Updated

TTP Volume CS

582
This indicator helps you flagging areas where the volume is higher or lower than a moving average of the volume.

You can define a % threshold and whether you want the volume to be below or above the simple moving average of the volume.

The areas that are above the MA of the volume are shown in green and below in red.

Lookback parameter
This parameter allows you to check back in time for your condition. You can use it for reducing the noise of volume fluctuations

Examples of use:
- show areas where the volume is 20% above the SMA30 of the volume
- show areas where the volume is 40% below the SMA30 of the volume

Examples of trading ideas with this indicator:
- Areas of low volume can act as a reversal of the price.
- Areas where volume is too high as well.
- Trading in areas of low volume can affect the results when scalping

Release Notes
hiding candles before
Release Notes
- Backtestable: now you can use gavin's backtester or TTPTSL to backtest this script
- Alerts added

Invite-only script

Only users authorized by the author have access to this script, and this usually requires payment. You can add the script to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author — learn more here. For more details, follow the author's instructions below or contact TheTradingParrot 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

You need an Observer or higher TTP tier to get this indicator https://thetradingparrot.com/tiers

Warning: please read our guide for invite-only scripts before requesting access.

TheTradingParrot
Join our membership to gain access to the private scripts.
thetradingparrot.com
Also on:
backtestablebacktesterVolume

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.
backtestablebacktesterVolume

Invite-only script

Only users authorized by the author have access to this script, and this usually requires payment. You can add the script to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author — learn more here. For more details, follow the author's instructions below or contact TheTradingParrot 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

You need an Observer or higher TTP tier to get this indicator https://thetradingparrot.com/tiers

Warning: please read our guide for invite-only scripts before requesting access.

TheTradingParrot
Join our membership to gain access to the private scripts.
thetradingparrot.com
Also on:

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.