PROTECTED SOURCE SCRIPT
Volume Spike + RVOL (Scalping Optimized)
Volume Spike + RVOL + Delta Indicator - Pro Scalping Edition
Advanced volume analysis tool combining three powerful metrics to identify high-probability scalping opportunities on 5m-15m timeframes.
What It Does:
Detects volume spikes above average (customizable threshold)
Measures Relative Volume (RVOL) to confirm unusual activity
Calculates Volume Delta to show buying vs selling pressure
Filters out false signals by requiring ALL three conditions to align
Signal Types:
🟢 BUY Signal = Volume spike + High RVOL + Positive Delta (buyers winning)
🔴 SELL Signal = Volume spike + High RVOL + Negative Delta (sellers winning)
🟡 WEAK Signal = Volume spike + High RVOL + Neutral Delta (skip - no clear direction)
Key Features:
Real-time info table showing: Volume, RVOL, Delta %, Pressure direction, Signal status
Color-coded volume bars (green=buy, red=sell, yellow=weak, gray=normal)
Visual delta line (green=accumulation, red=distribution, orange=neutral)
Background highlighting for strong signals
Built-in alerts for all signal types
Fully customizable thresholds and colors
Default Settings (Optimized for Scalping):
Volume MA: 12 periods
Spike Threshold: 1.5x average
RVOL Threshold: 1.5x
Delta Period: 20 bars
Delta Threshold: 30%
Why It Works:
Volume Delta separates REAL breakouts from fake-outs. A volume spike alone doesn't tell you if it's buying or selling. This indicator shows WHO is winning the battle - giving you directional confidence before entering trades.
Best Used With:
5-15 minute charts for scalping
Trending markets (avoid choppy/sideways)
Combine with support/resistance levels
Use alongside trend indicators (EMA, MACD, etc.)
Perfect for day traders and scalpers who need fast, accurate signals with minimal false positives!
Advanced volume analysis tool combining three powerful metrics to identify high-probability scalping opportunities on 5m-15m timeframes.
What It Does:
Detects volume spikes above average (customizable threshold)
Measures Relative Volume (RVOL) to confirm unusual activity
Calculates Volume Delta to show buying vs selling pressure
Filters out false signals by requiring ALL three conditions to align
Signal Types:
🟢 BUY Signal = Volume spike + High RVOL + Positive Delta (buyers winning)
🔴 SELL Signal = Volume spike + High RVOL + Negative Delta (sellers winning)
🟡 WEAK Signal = Volume spike + High RVOL + Neutral Delta (skip - no clear direction)
Key Features:
Real-time info table showing: Volume, RVOL, Delta %, Pressure direction, Signal status
Color-coded volume bars (green=buy, red=sell, yellow=weak, gray=normal)
Visual delta line (green=accumulation, red=distribution, orange=neutral)
Background highlighting for strong signals
Built-in alerts for all signal types
Fully customizable thresholds and colors
Default Settings (Optimized for Scalping):
Volume MA: 12 periods
Spike Threshold: 1.5x average
RVOL Threshold: 1.5x
Delta Period: 20 bars
Delta Threshold: 30%
Why It Works:
Volume Delta separates REAL breakouts from fake-outs. A volume spike alone doesn't tell you if it's buying or selling. This indicator shows WHO is winning the battle - giving you directional confidence before entering trades.
Best Used With:
5-15 minute charts for scalping
Trending markets (avoid choppy/sideways)
Combine with support/resistance levels
Use alongside trend indicators (EMA, MACD, etc.)
Perfect for day traders and scalpers who need fast, accurate signals with minimal false positives!
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.