High Volume Points [BigBeluga]

Feb 14

High Volume Points [BigBeluga] is a unique volume-based indicator designed to highlight key liquidity zones where significant market activity occurs. By visualizing high-volume pivots with dynamically sized markers and optional support/resistance levels, traders can easily identify areas of interest for potential breakouts, liquidity grabs, and trend reversals.

🔵Key Features:

High Volume Points Visualization:

• The indicator detects pivot highs and lows with exceptionally high trading volume.
  
• Each high-volume point is displayed as a concentric circle, with its size dynamically increasing based on the volume magnitude.
  
• The exact volume at the pivot is shown within the circle.
  

Dynamic Levels from Volume Pivots:

• Horizontal levels are drawn from detected high-volume pivots to act as support or resistance.
  
• Traders can use these levels to anticipate potential liquidity zones and market reactions.
  

Liquidity Grabs Detection:

• If price crosses a high-volume level and grabs liquidity, the level automatically changes to a dashed line.
  
• This feature helps traders track areas where institutional activity may have occurred.
  

Volume-Based Filtering:

• Users can filter volume points by a customizable threshold from 0 to 6, allowing them to focus only on the most significant high-volume pivots.
  
• Lower thresholds capture more volume points, while higher thresholds highlight only the most extreme liquidity events.
  

🔵Usage:

• Identify strong support/resistance zones based on high-volume pivots.
  
• Track liquidity grabs when price crosses a high-volume level and converts it into a dashed line.
  
• Filter volume points based on significance to remove noise and focus on key areas.
  
• Use volume circles to gauge the intensity of market interest at specific price points.
  

High Volume Points [BigBeluga] is an essential tool for traders looking to track institutional activity, analyze liquidity zones, and refine their entries based on volume-driven market structure.

Feb 15

Release Notes

Plot points when barstate is confirmed

Feb 26

Release Notes

- Update added legth of left and right bars for detecting volume points

Feb 26

Release Notes

-thumbnail update