TTP Volume CS — Indicator by TheTradingParrot

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

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Invite-only script

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Author's instructions

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

Want to use this script on a chart?

Warning: please read before requesting access.