Intraday Volume Swings — Indicator by rumpypumpydumpy

Volume swings are defined as increasing volume and higher highs/lower lows over a minimum of three bars.

This script tracks volume swings over an intraday chart and stores the final lowest low swing / highest high swing over the course of the day. The final high swing and low swing are then plotted over the following day as possible retracement / support & resistance levels.

Intraday levels for the current day can also be displayed, which may or may not be the final swings for the day, but are also possible areas of interest.

See code for additional notes.

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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.

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