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Colored Volume Bars All Markets: Combining Volume SourcesUsing volume in Forex is potentially misleading as we are only provided the broker volume or futures exchange volume for the currency or commodity in a decentralised market. This code combines the volumes from FXCM, Onanda and futures for the instrument being studied. The combination of the volumes could improve the reliability of the volume being considered. Using this approach other volume indicators can also be improved.
Pine Script® indicator
by SteynTrade
5
Volume (D)EMAA simple yet configurable indicator that shows recent traffic volumes. The time period is specified as weeks/days/hours/minutes, not as bars. Set the volume period to non-zero if you want to use a generalized double EMA instead of plain. The "ratio" option will show the size of the current volume compared to the average volume as computed for the specified time period; say hello to fat tails and goodby to "standard" and "normal" and "average". With the "together" option, it compares the current volume to the both sides together (buy+sell), otherwise it compares it to just its respective side.
Pine Script® indicator
by timtom85
Volume-Weighted Money Flow [sgbpulse]Overview The VWMF indicator is an advanced technical analysis tool that combines and summarizes five leading momentum and volume indicators (OBV, PVT, A/D, CMF, MFI) into one clear oscillator. The indicator helps to provide a clear picture of market sentiment by measuring the pressure from buyers and sellers. Unlike single indicators, VWMF provides a comprehensive view of market money flow by weighting existing indicators and presenting them in a uniform and understandable format. Indicator Components VWMF combines the following indicators, each normalized to a range of 0 to 100 before being weighted: On-Balance Volume (OBV): A cumulative indicator that measures positive and negative volume flow. Price-Volume Trend (PVT): Similar to OBV, but incorporates relative price change for a more precise measure. Accumulation/Distribution Line (A/D): Used to identify whether an asset is being bought (accumulated) or sold (distributed). Chaikin Money Flow (CMF): Measures the money flow over a period based on the close price's position relative to the candle's range. Money Flow Index (MFI): A momentum oscillator that combines price and volume to measure buying and selling pressure. Understanding the Normalized Oscillators The indicator combines the five different momentum indicators by normalizing each one to a uniform range of 0 to 100 . Why is Normalization Important? Indicators like OBV, PVT, and the A/D Line are cumulative indicators whose values can become very large. To assess their trend, we use a Moving Average as a dynamic reference line . The Moving Average allows us to understand whether the indicator is currently trending up or down relative to its average behavior over time. How Does Normalization Work? Our normalization fully preserves the original trend of each indicator. For Cumulative Indicators (OBV, PVT, A/D): We calculate the difference between the current indicator value and its Moving Average. This difference is then passed to the normalization process. - If the indicator is above its Moving Average, the difference will be positive, and the normalized value will be above 50. - If the indicator is below its Moving Average, the difference will be negative, and the normalized value will be below 50. Handling Extreme Values: To overcome the issue of extreme values in indicators like OBV, PVT, and the A/D Line , the function calculates the highest absolute value over the selected period. This value is used to prevent sharp spikes or drops in a single indicator from compromising the accuracy of the normalization over time. It's a sophisticated method that ensures the oscillators remain relevant and accurate. For Bounded Indicators (CMF, MFI): These indicators already operate within a known range (for example, CMF is between -1 and 1, and MFI is between 0 and 100), so they are normalized directly without an additional reference line. Reference Line Settings: Moving Average Type: Allows the user to choose between a Simple Moving Average (SMA) and an Exponential Moving Average (EMA). Volume Flow MA Length: Allows the user to set the lookback period for the Moving Average, which affects the indicator's sensitivity. The 50 line serves as the new "center line." This ensures that, even after normalization, the determination of whether a specific indicator supports a bullish or bearish trend remains clear. Settings and Visual Tools The indicator offers several customization options to provide a rich analysis experience: VWMF Oscillator (Blue Line): Represents the weighted average of all five indicators. Values above 50 indicate bullish momentum, and values below 50 indicate bearish momentum. Strength Metrics (Bullish/Bearish Strength %): Two metrics that appear on the status line, showing the percentage of indicators supporting the current trend. They range from 0% to 100%, providing a quick view of the strength of the consensus. Dynamic Background Colors: The background color of the chart automatically changes to bullish (a blue shade by default) or bearish (a default brown-gray shade) based on the trend. The transparency of the color shows the consensus strength—the more opaque the background, the more indicators support the trend. Advanced Settings: - Background Color Logic: Allows the user to choose the trigger for the background color: Weighted Value (based on the combined oscillator) or Strength (based on the majority of individual indicators). - Weights: Provides full control over the weight of each of the five indicators in the final oscillator. Using the Data Window TradingView provides a useful Data Window that allows you to see the exact numerical values of each normalized oscillator separately, in addition to the trend strength data. You can use this window to: Get more detailed information on each indicator: Viewing the precise numerical data of each of the five indicators can help in making trading decisions. Calibrate weights: If you want to manually adjust the indicator weights (in the settings menu), you can do so while tracking the impact of each indicator on the weighted oscillator in the Data Window. The indicator's default setting is an equal weight of 20% for each of the five indicators. Alert Conditions The indicator comes with a variety of built-in alerts that can be configured through the TradingView alerts menu: VWMF Cross Above 50: An alert when the VWMF oscillator crosses above the 50 line, indicating a potential bullish momentum shift. VWMF Cross Below 50: An alert when the VWMF oscillator crosses below the 50 line, indicating a potential bearish momentum shift. Bullish Strength: High But Not Absolute Consensus: An alert when the bullish trend strength reaches 60% or more but is less than 100%, indicating a high but not absolute consensus. Bullish Strength at 100%: An alert when all five indicators (MFI, OBV, PVT, A/D, CMF) show bullish strength, indicating a full and absolute consensus. Bearish Strength: High But Not Absolute Consensus: An alert when the bearish trend strength reaches 60% or more but is less than 100%, indicating a high but not absolute consensus. Bearish Strength at 100%: An alert when all five indicators (MFI, OBV, PVT, A/D, CMF) show bearish strength, indicating a full and absolute consensus. Summary The VWMF indicator is a powerful, all-in-one tool for analyzing market momentum, money flow, and sentiment. By combining and normalizing five different indicators into a single oscillator, it offers a holistic and accurate view of the market's underlying trend. Its dynamic visual features and customizable settings, including the ability to adjust indicator weights, provide a flexible experience for both novice and experienced traders. The built-in alerts for momentum shifts and trend consensus make it an effective tool for spotting trading opportunities with confidence. In essence, VWMF distills complex market data into clear, actionable signals. Important Note: Trading Risk This indicator is intended for educational and informational purposes only and does not constitute investment advice or a recommendation for trading in any form whatsoever. Trading in financial markets involves significant risk of capital loss. It is important to remember that past performance is not indicative of future results. All trading decisions are your sole responsibility. Never trade with money you cannot afford to lose.
Pine Script® indicator
by sgbpulse
XAUUSD Strength Dashboard with VolumeXAUUSD Strength Dashboard with Volume Analysis 📌 Description This advanced Pine Script indicator provides a multi-timeframe dashboard for XAUUSD (Gold vs. USD), combining price action analysis with volume confirmation to generate high-probability trading signals. It detects: ✅ Break of Structure (BOS) ✅ Fair Value Gaps (FVG) ✅ Change of Character (CHOCH) ✅ Trendline Breaks (9/21 SMA Crossover) ✅ Volume Spikes (Confirmation of Strength) The dashboard displays strength scores (0-100%) and action recommendations (Strong Buy/Buy/Neutral/Sell/Strong Sell) across multiple timeframes, helping traders identify confluences for better trade decisions. 🎯 How It Works 1. Multi-Timeframe Analysis Fetches data from 1m, 5m, 15m, 30m, 1h, 4h, Daily, and Weekly timeframes. Compares trend direction, BOS, FVG, CHOCH, and volume spikes across all timeframes. 2. Volume-Confirmed Strength Score The Strength Score (0-100%) is calculated using: Trend Direction (25 points) → 9 SMA vs. 21 SMA Break of Structure (20 points) → New highs/lows with momentum Fair Value Gaps (10 points) → Imbalance zones Change of Character (10 points) → Shift in market structure Trendline Break (20 points) → SMA crossover confirmation Volume Spike (15 points) → High volume confirms moves Score Interpretation: ≥75% → Strong Buy (High confidence bullish move) 60-74% → Buy (Bullish but weaker confirmation) 40-59% → Neutral (No strong bias) 25-39% → Sell (Bearish but weaker confirmation) ≤25% → Strong Sell (High confidence bearish move) 3. Dashboard & Chart Markers Dashboard Table: Shows Trend, BOS, Volume, CHOCH, TL Break, Strength %, Key Level, and Action for each timeframe. Chart Markers: 🟢 Green Triangles → Bullish BOS 🔴 Red Triangles → Bearish BOS 🟢 Green Circles → Bullish CHOCH 🔴 Red Circles → Bearish CHOCH 📈 Green Arrows → Bullish Trendline Break 📉 Red Arrows → Bearish Trendline Break "Vol↑" (Lime) → Bullish Volume Spike "Vol↓" (Maroon) → Bearish Volume Spike 🚀 How to Use 1. Dashboard Interpretation Higher Timeframes (D/W) → Show the dominant trend. Lower Timeframes (1m-4h) → Help with entry timing. Strength Score ≥75% or ≤25% → Look for high-confidence trades. Volume Spikes → Confirm breakouts/reversals. 2. Trading Strategy 📈 Long (Buy) Setup: Higher TFs (D/W/4h) show bullish trend (↑). Current TF has BOS & Volume Spike. Strength Score ≥60%. Key Level (Low) holds as support. 📉 Short (Sell) Setup: Higher TFs (D/W/4h) show bearish trend (↓). Current TF has BOS & Volume Spike. Strength Score ≤40%. Key Level (High) holds as resistance. 3. Customization Adjust Volume Spike Multiplier (Default: 1.5x) → Controls sensitivity to volume spikes. Toggle Timeframes → Enable/disable higher/lower timeframes. 🔑 Key Benefits ✔ Multi-Timeframe Confluence → Avoids false signals. ✔ Volume Confirmation → Filters low-quality breakouts. ✔ Clear Strength Scoring → Removes emotional bias. ✔ Visual Chart Markers → Easy to spot key signals. This indicator is ideal for gold traders who follow institutional order flow, market structure, and volume analysis to improve their trading decisions. 🎯 Best Used With: Support/Resistance Levels Fibonacci Retracements Price Action Confirmation 🚀 Happy Trading! 🚀
Pine Script® indicator
by Mistab1009
1
Breakout Volume Momentum [5m]Breakout Volume Momentum Indicator (Pine Script v5) This TradingView Pine Script v5 indicator plots a green dot below a 5-minute price bar whenever all the breakout and volume conditions are met. It is optimized for live intraday trading (not backtesting) and includes customizable inputs for thresholds and trading session times. Key features and conditions of this indicator: Gap Up Threshold: Current price is up at least X% (default 20%) from the previous day’s close (uses higher-timeframe daily data) before any signal can trigger. Relative Volume (RVOL): Current bar’s volume is at least Y× (default 2×) the average volume of the last 20 bars. This ensures unusually high volume is present, indicating strong interest. Trend Alignment: Price is trading above the VWAP (Volume-Weighted Average Price) and above a fast EMA. In addition, the fast EMA (default 9) is above the slower EMA (default 20) to confirm bullish momentum tradingview.com tradingview.com . These filters ensure the stock is in an intraday uptrend (above the average price and rising EMAs). Intraday Breakout (optional): Optionally require the price to break above the recent intraday high (default last 30 bars). If enabled, a signal only occurs when the stock exceeds its prior range high, confirming a breakout. This can be toggled on/off in the settings. Avoid Parabolic Spikes: The script skips any bar with an excessively large range (default >12% from low to high), to avoid triggering on spiky or unsustainable parabolic candles. Time Window Filter: Signals are restricted to a specific session window (by default 09:30 – 11:00 exchange time, typically the morning session) and will not trigger outside these hours. The session window is adjustable via inputs stackoverflow.com . Alerts: An alert condition is provided so you can set a Trading View alert to send a push notification when a green dot signal fires. The alert message includes the ticker and price at the time of signal.
Pine Script® indicator
by jagdasahil98
Volume Statistics - IntraweekVolume Statistics - Intraweek: For Orderflow Traders This tool is designed for traders using volume footprint charts and orderflow methods. Why it matters: In orderflow trading, you care about the quality of volume behind each move. You’re not just watching price; you’re watching how much aggression is behind that price move. That’s where this indicator helps. What to look at: * Current Volume shows you how much volume is trading right now. * Central Volume (median or average over 24h or 7D) gives you a baseline for what's normal volume VS abnormal volume. * The Diff vs Central tells you immediately if current volume is above or below normal. How this helps: * If volume is above normal, it suggested elevated levels of buyer or seller aggression. Look for strong follow-through or continuation. * If volume is below normal, it may signal low interest, passive participation, a lack of conviction, or a fake move. * Use this context to decide if what you're seeing in the footprint (imbalances, absorption, traps) is actually worth acting on. Extra context: * The highest and lowest volume levels and their timestamps help you spot prior key reactions. * Second and third highest bars help you see other major effort points in the recent window. Comment with any suggestions on how to improve this indicator.
Pine Script® indicator
by Witnessing_Soul
4
Volume Scanner (Spikes & Drops) [Context]📌 Purpose This indicator detects significant volume spikes or drops and optionally filters them by price context (local highs/lows). It helps identify potential breakout or exhaustion points with improved signal quality compared to raw volume alerts. 🧠 How It Works 1. Volume Spike / Drop Detection SMA Volume over N bars is calculated as baseline. Volume Spike: Volume > SMA × Spike Multiplier (default 1.5×). Volume Drop: Volume < SMA × Drop Multiplier (default 0.5×). 2. Context Filter (optional) When Use Context = ON: Bullish Context: Volume spike at/near local price high (last Lookback bars). Bearish Context: Volume drop at/near local price low (last Lookback bars). 3. Signal Gap Minimum spacing between signals (Min Gap Bars) prevents excessive clustering. 4. Visuals Background shading: Green = Volume Spike in bullish context. Red = Volume Drop in bearish context. Alerts can be configured for both conditions. 📈 How to Use Volume Spikes near highs can indicate breakouts or exhaustion tops. Volume Drops near lows can signal liquidity dry-up or potential reversals. Combine with price action or support/resistance for confirmation. Recommended Timeframes: Works on all timeframes; more reliable on 15m, 1h, 4h. Markets: Crypto, Forex, Stocks. ⚙️ Inputs Volume SMA Length Spike Multiplier / Drop Multiplier Use Context (High/Low filter) Min Gap Bars (avoid clustered signals) ⚠️ Disclaimer This script is for educational purposes only. It does not constitute financial advice. Always test thoroughly before live trading.
Pine Script® indicator
by artemka3091
No Supply No Demand (NSND) – Volume Spread Analysis ToolThis indicator is designed for traders utilizing Volume Spread Analysis (VSA) techniques. It automatically detects potential No Demand (ND) and No Supply (NS) candles based on volume and price behavior, and confirms them using future price action within a user-defined number of lookahead bars. Confirmed No Demand (ND): Detected when a bullish candle has volume lower than the previous two bars and is followed by weakness (next highs swept, close below). Confirmed No Supply (NS): Detected when a bearish candle has volume lower than the previous two bars and is followed by strength (next lows swept, close above). Adjustable lookahead bars parameter to control the confirmation window. This tool helps identify potential distribution (ND) and accumulation (NS) areas, providing early signs of market turning points based on professional volume logic. The dot appears next to ND or NS.
Pine Script® indicator
by MALIK897
Volume Spike AlertIndicator Features: 📊 Core Functionalities: Exceptional Volume Detection: Calculates volume in USD (volume × price) Compares it against a 90-day average (3 months) Configurable from 1 to 252 days Visual Signals: Green labels for bullish candles with high volume Red labels for bearish candles with high volume Displays excess percentage (e.g., +45.2%) Dual Alert System: AlertCondition: For manual alert configuration in TradingView Alert(): Automated alerts with detailed information ⚙️ Available Settings: Average Period: 1–252 days (default: 90 days) Enable/Disable Alerts: Configurable checkbox Show/Hide Labels: Visual control Label Size: Tiny, Small, Normal, Large Minimum Threshold: Minimum percentage required to trigger a signal 📋 Displayed Information: On Labels: Excess percentage (e.g., +67.3%) Color based on candle direction In the Table: Current volume in millions USD Average volume in millions USD Excess percentage Alert status (ACTIVE/NORMAL) Calculation period In Alerts: Candle type (BULLISH 🟢 / BEARISH 🔴) Symbol and current price Current volume vs. average Timeframe used
Pine Script® indicator
by fricci
RSI Divergence Pro+ VolumeRSI Divergence Pro+ Volume What It Does: RSI Divergence Pro+ Volume is a non-repainting indicator that helps traders spot potential bullish and bearish reversal zones using a classic technical analysis concept—RSI divergence—combined with advanced volume confirmation. The script highlights moments when price and RSI disagree, filtering for signals only when there is a significant volume spike, which helps reduce false positives in quiet or illiquid markets. How It Works: Bullish Divergence: Triggered when price makes a lower low but RSI forms a higher low, suggesting possible exhaustion in selling pressure. Bearish Divergence: Triggered when price makes a higher high but RSI forms a lower high, signaling potential buying exhaustion. Volume Confirmation: Signals only appear when trading volume exceeds a dynamic threshold (based on a user-defined moving average and multiplier), making alerts more reliable. Visual Features: Customizable labels and optional gradient highlights mark the exact bars where divergence with volume confirmation occurs, making signals easy to see. Alert System: Built-in alerts for both bullish and bearish divergences so traders can receive instant notifications. How to Use: Apply the script to any timeframe or liquid asset (15m–4H recommended for best results). Watch for green “BULL↑” labels below bars (bullish divergence) and red “BEAR↓” labels above bars (bearish divergence). Blue/violet background highlights confirm volume-verified signals. Combine with your own risk management and confirmation tools for trade entries/exits. Adjust lookback and volume settings to match your asset and style. Originality & Usefulness: This indicator stands out by combining traditional RSI divergence with advanced volume filtering, giving more credible and actionable reversal alerts. All logic is non-repainting and calculated on closed bars only. Settings are fully grouped and customizable, with professional visuals for clarity. Limitations & Disclaimers: Not every divergence results in a major reversal—use with other analysis. More effective in trending or volatile markets; may produce more false signals in choppy/range conditions. Signals are generated on bar close and do not repaint. No indicator is a substitute for proper trading discipline and risk management.
Pine Script® indicator
by Finntech1
4
Volume Weighted Regression ChannelThis indicator constructs a volume-weighted linear regression channel over a custom time range. It’s conceptually similar to a Volume Profile, but instead of projecting horizontal value zones, it builds a tilted trend channel that reflects both price direction and volume concentration. 🧠 Core Features: Volume-weighted points: Each candle contributes to the regression line proportionally to its volume — heavier candles shift the channel toward high-activity price zones. Linear regression line: Shows the trend direction within the selected time interval. ±σ boundaries: Outer bands represent the standard deviation of price (also volume-weighted), highlighting statistical dispersion. Fully customizable: Adjustable line styles, widths, and channel width (sigma multiplier). Time window control: Select any start and end time to define the regression interval. 📊 Why use this instead of Volume Profile? While Volume Profile shows horizontal distributions of traded volume, this indicator is ideal when: You want to understand how volume clusters affect trend direction, not just price levels. You're analyzing time-dependent flow rather than static price zones. You're looking for a dynamic volume-adjusted channel that moves with the market's structure. It’s especially useful in identifying volume-supported trends, hidden pullback zones, and statistical extremes. ⚙️ Notes: Works on any timeframe and instrument. Does not repaint. Does not require volume profile data feeds — uses standard volume and hl2.
Pine Script® indicator
by Evgenyc111
Volume-Enhanced Candlestick Patterns 1 Overview Scans for four major candlestick reversal patterns: Harami Engulfing Morning/Evening Star Piercing Line/Dark Cloud Cover Underlying logic assumes that, at a turning point, the dominant side (bulls or bears) often delivers a “final” push—either a last surge of buying or selling—before the reversal truly takes hold. Pattern Toggles Each individual pattern can be turned on or off in the inputs. Enable only the patterns you want to monitor to reduce chart clutter and speed up performance. Volume Filter Toggle On: Requires volume-based exhaustion or climax to confirm each pattern. Off: Relies purely on price-action candlestick logic (no volume checks). Grouped Labels & Confluence When one or more patterns trigger on the same bar close, a single label is drawn: Grouping multiple confirmed patterns on one bar increases confluence and signal strength. Climax Volume × Multiplier Adjusting this input affects signal frequency and conviction: Higher multiplier → fewer signals but with stronger volume confirmation Lower multiplier → more signals, each with a looser volume requirement Alerts Built-in alert condition for each individual pattern (bullish/bearish Harami, Engulfing, Star, Piercing, Dark Cloud Cover), so you can receive real-time notifications whenever a confirmation occurs. Follow for Weekly Scripts If you find this helpful, please hit Follow and 🚀button —I release a new scripts every week. Disclaimer Not Financial Advice. This script is for educational and research purposes only. Use as Part of a Larger System. It should not be used in isolation; combine it with your own risk management rules, additional indicators, and broader market analysis. No Guarantees. Candlestick patterns and volume filters can improve signal quality, but they do not guarantee profitable trades. Always perform your own due diligence before entering any position.
Pine Script® indicator
by Alex_Algo
Delta Volume Color CoderDelta Volume Color Coder - Smart Money Footprint Visualizer OVERVIEW The Delta Volume Color Coder is a clean, minimalist indicator that highlights candles with exceptional delta volume, helping you instantly identify where smart money is actively trading. Unlike complex volume indicators that clutter your chart, this tool simply colors candles when institutional-level volume appears, leaving your normal price action untouched. WHAT IS DELTA VOLUME? Delta volume represents the difference between buying and selling pressure within each candle. Positive delta indicates more aggressive buying, while negative delta shows stronger selling. When delta reaches extreme levels, it often signals institutional activity or significant market events. KEY FEATURES - Clean Chart Design - Only colors candles with significant delta volume - No Chart Compression - Overlay indicator that doesn't distort price scales - Smart Detection - Automatically calculates dynamic thresholds based on recent activity - Customizable Thresholds - Adjust sensitivity to match your trading style - Multiple Calculation Methods - Classic or Range-Based delta calculations COLOR CODING (Default) - White Candles - Extreme positive delta (massive institutional buying) - Green Candles - High positive delta (strong buying pressure) - Red Candles - High negative delta (strong selling pressure) - Violet Candles - Extreme negative delta (massive institutional selling) - Normal Candles - Unchanged (standard TradingView red/green) HOW TO USE 1. Add to any chart - Works on all timeframes and instruments 2. Look for colored candles - These mark significant volume events 3. White/Violet candles often mark reversals or breakouts 4. Multiple colored candles in sequence indicate strong trends 5. Colored candles at support/resistance levels are especially significant SETTINGS EXPLAINED - Lookback Period (20) - Bars used to calculate average delta - High Delta Threshold (1.5x) - Triggers green/red coloring - Extreme Delta Threshold (2.5x) - Triggers white/violet coloring - Delta Calculation - Classic (open/close) or Range Based (close position) - Color Wicks - Option to color entire candle or just the body - All colors fully customizable TRADING APPLICATIONS - Reversal Detection - White/violet candles often mark exhaustion points - Breakout Confirmation - Colored candles on breakouts show conviction - Support/Resistance - High delta at key levels indicates significance - Trend Strength - Frequency of colored candles shows trend momentum - Institutional Tracking - Extreme delta reveals where big players are active BEST PRACTICES - Lower timeframes (1-15m) - Use for scalping and day trading entries - Higher timeframes (1H+) - Identify major accumulation/distribution - Combine with price action - Most effective at key technical levels - Watch for clusters - Multiple extreme candles = major event - Volume confirmation - Extreme delta + high volume = highest significance TIPS FOR SUCCESS 1. White candles after downtrends often mark bottoms 2. Violet candles after uptrends often mark tops 3. Consecutive colored candles confirm trend direction 4. Lack of colored candles = low volatility, potential breakout ahead 5. Extreme delta at round numbers indicates institutional interest WHY THIS INDICATOR? - Simple Yet Powerful - No complex analysis needed - Instant Visual Feedback - See institutional activity at a glance - Clean Charts - No overlays, lines, or clutter - Real-Time Detection - Updates with each new candle - Universal Application - Works on stocks, forex, crypto, futures UNIQUE ADVANTAGES Unlike traditional volume indicators that require separate panes or compress your chart, the Delta Volume Color Coder seamlessly integrates with your existing setup. It answers one simple question: "Where is the smart money trading RIGHT NOW?" Perfect for traders who want institutional-level insights without the complexity. Just add to your chart and let the colors guide you to where the real action is happening.
Pine Script® indicator
by padavans
ScalpZone NQ 1M - Volume Signals with Highlight Box📊 ScalpZone NQ 1M - Volume Signals with Highlight Box ScalpZone is a professional-grade indicator designed specifically for 1-minute scalping on Nasdaq Futures (NQ), focusing on high-volume price action zones. It automatically detects aggressive buying/selling activity based on volume spikes and visualizes potential entry zones with dynamic horizontal lines and price boxes. 🔍 Key Features: Volume Spike Detection: Identifies high-volume candles using an adjustable EMA-based volume threshold. Directional Volume Signals: Highlights candles with directional momentum (bullish or bearish) based on real-time volume dominance. Scalp Zone Visualization: Draws horizontal support/resistance lines at volume signal prices. Renders price boxes around those levels to highlight actionable zones. Zones automatically extend when respected by price, and disappear when invalidated. Visual Candle Enhancement: Dynamically colors candles to reflect normalized volume intensity and direction. Customizable Parameters: Volume EMA & threshold multiplier Line and box dimensions Toggle zone visibility 🛠️ Use Case: Perfect for scalpers and short-term traders looking to exploit volume-based reversals or breakout traps on the NQ 1-minute chart. Traders can use the visual cues to time entries, manage stops, or validate confluence with other tools (e.g., order flow, delta spikes, or footprint charts).
Pine Script® indicator
by MILO888