PROTECTED SOURCE SCRIPT
Updated Hourly High Volume Detector
Type: Multi-Timeframe Volume Spike Scanner
This script detects high-volume hourly candles inside each daily bar to highlight potential institutional activity or hidden accumulation days.
It automatically scans the last N days (configurable lookback) and plots a purple dot below daily candles where at least one hourly candle shows:
Volume significantly higher than the hourly average (Volume Multiplier × Avg Hourly Volume)
Positive price movement exceeding the minimum % threshold
🧠 Trend Filter
A built-in 5-day trend check ensures signals are shown only during non-downtrending phases, filtering out noise when the broader trend is weak.
⚙️ Parameters
Lookback Days: How many recent daily bars to scan.
Volume Multiplier: Defines what counts as a high-volume spike.
Min Price Change %: Minimum % gain within the hourly candle to qualify.
Debug Mode: Enables small green/orange markers for internal logic visualization.
🟣 Signals
Purple Dot (Below Candle): Strong hourly accumulation signal within the day.
(Debug) Green Dot: Hourly condition passed.
(Debug) Orange Triangle: Signal suppressed due to downtrend filter.
⚠️ Notes
Must be used on the Daily timeframe (will warn if not).
Ideal for spotting smart money accumulation, pre-breakout setups, or volume-price anomalies hidden in intraday structure.
This script detects high-volume hourly candles inside each daily bar to highlight potential institutional activity or hidden accumulation days.
It automatically scans the last N days (configurable lookback) and plots a purple dot below daily candles where at least one hourly candle shows:
Volume significantly higher than the hourly average (Volume Multiplier × Avg Hourly Volume)
Positive price movement exceeding the minimum % threshold
🧠 Trend Filter
A built-in 5-day trend check ensures signals are shown only during non-downtrending phases, filtering out noise when the broader trend is weak.
⚙️ Parameters
Lookback Days: How many recent daily bars to scan.
Volume Multiplier: Defines what counts as a high-volume spike.
Min Price Change %: Minimum % gain within the hourly candle to qualify.
Debug Mode: Enables small green/orange markers for internal logic visualization.
🟣 Signals
Purple Dot (Below Candle): Strong hourly accumulation signal within the day.
(Debug) Green Dot: Hourly condition passed.
(Debug) Orange Triangle: Signal suppressed due to downtrend filter.
⚠️ Notes
Must be used on the Daily timeframe (will warn if not).
Ideal for spotting smart money accumulation, pre-breakout setups, or volume-price anomalies hidden in intraday structure.
Release Notes
In this script - I have added High low lines where the hourly volume has increase by volume this lets us know the order block at what price the institutions are interestedRelease Notes
Improved : added manual volume, provided label toggle optionRelease Notes
I've updated the code with:New "Use Trend Filter" toggle - Turn this OFF to see if trend is blocking your signal
Enhanced debug mode - Now shows exactly what's happening:
Current trend status
Maximum volume found vs threshold needed
Maximum % change found vs minimum required
Whether signal was found
To diagnose your issue:
Turn ON "Debug Mode" in settings
Look at today's bar - you'll see a blue label with all the stats
Check if:
Max Volume > Vol Threshold? (if not, lower your multiplier)
Max % Change > Min Required? (if not, lower min price change %)
Trend Up = false? (if so, turn off "Use Trend Filter")
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.