PROTECTED SOURCE SCRIPT
Smart Volume Direction Pro
This indicator estimates whether buying or selling pressure is dominant using volume and how the candle moved. It computes RVOL (relative volume), a proxy “delta” based on candle body/range (not true order flow), and confirms it with VWAP (or VWMA on swing timeframes). If “Micro” is enabled, it also aggregates signed volume from a lower timeframe to refine intrabar bias. With that, it produces a directional score, plots signals when volume is strong + direction is clear, and displays a dashboard with BUY/SELL, strength, imbalance%, and basic data-quality checks.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – 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.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – 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.