OPEN-SOURCE SCRIPT
12 Band Volume matched Candles
📌 12 Band Volume matched Candles (Official Description)
12 Band Volume matched Candles is a next-generation volume-strength visualisation tool designed for traders who rely on precision, speed, and clarity.
Instead of colouring candles by price action or relative indicators, this script maps every candle to one of 12 absolute-volume strength bands, using real contract/share volume thresholds that you define.
No guessing.
No subjective smoothing.
No repainting.
Just pure, clean, calibrated volume pressure — visualised instantly.
🔥 Why This Indicator Exists
Traditional volume colouring is vague, delayed, or tied to assumptions (like moving averages).
Scalpers, orderflow watchers, and tape-readers all know the truth:
👉 The raw size of volume matters more than relative volume.
This tool removes all ambiguity and lets you define exact thresholds that match the behaviour of your market:
5k volume
10k volume
20k
35k
50k
70k
… all the way to
200k+ (or whatever instrument volume you want)
Those thresholds map to a 12-band spectrum, ranging from the coldest low-volume purples to the hottest high-volume reds.
The result?
A visual system that lets you read volume pressure instantly, the same way our RSI 12-band spectrum lets you read momentum immediately.
🎨 Premium 12-Band Colour Spectrum
This indicator uses the same refined colour spectrum as the In The Zone RSI – 12 Band script:
Weak Volume (Bands 1–6) – Cold Side
Ultra-dark violet
Deep purples
Cool blues
Light icy blue
Strong Volume (Bands 7–12) – Hot Side
Warm yellows
Oranges
Orange-reds
Deep maroons
Ultra-dark red for max volume
You instantly know:
When volume is dying
When volume is building
When a trend is being pushed
When a breakout has REAL participation
When a reversal is weak or strong
Your brain doesn’t need to “interpret” numbers — just read the colours.
⚙️ Key Features
✔ 12 Custom Volume Thresholds
Set exact volume values that match your instrument.
A perfect companion for multi-indicator visual alignment.
✔ Borders-Only Mode
Keep your chart clean and still read volume strength.
✔ Adjustable Brightness & Opacity
Fine-tune the aesthetic for dark or light chart themes.
✔ Legend Placement Options
Display the volume band legend in any corner of the chart.
✔ Zero Lag – Zero Repaint
Everything is based on historical volume — no tricks.
🚀 Who It’s For
This tool is extremely powerful for:
Scalpers
Momentum traders
Orderflow readers
Breakout traders
Reversal hunters
Algo / quant-style chart readers
Anyone who trades with candle-flow awareness
If you rely on the “feel” of a chart, volume rhythm, or momentum pressure — this indicator becomes a cheat-code.
🎯 Practical Uses
Spot when large players enter a move
Filter weak vs strong pullbacks
Confirm breakout candles
See exhaustion before reversals
Separate noise from real interest
Pair with IZ RSI + price structure for elite scalp precision
⭐ Why Traders Love It
Because it's clear.
Instant.
And it treats volume as the truth, not something to smooth or average.
This is how scalpers and tape-readers naturally think — now in a visual form.
🔥 Final Line
12 Band Volume matched Candles turns raw volume into a crystal-clear language.
Once you see volume this way, you will never go back to traditional colouring again.
12 Band Volume matched Candles is a next-generation volume-strength visualisation tool designed for traders who rely on precision, speed, and clarity.
Instead of colouring candles by price action or relative indicators, this script maps every candle to one of 12 absolute-volume strength bands, using real contract/share volume thresholds that you define.
No guessing.
No subjective smoothing.
No repainting.
Just pure, clean, calibrated volume pressure — visualised instantly.
🔥 Why This Indicator Exists
Traditional volume colouring is vague, delayed, or tied to assumptions (like moving averages).
Scalpers, orderflow watchers, and tape-readers all know the truth:
👉 The raw size of volume matters more than relative volume.
This tool removes all ambiguity and lets you define exact thresholds that match the behaviour of your market:
5k volume
10k volume
20k
35k
50k
70k
… all the way to
200k+ (or whatever instrument volume you want)
Those thresholds map to a 12-band spectrum, ranging from the coldest low-volume purples to the hottest high-volume reds.
The result?
A visual system that lets you read volume pressure instantly, the same way our RSI 12-band spectrum lets you read momentum immediately.
🎨 Premium 12-Band Colour Spectrum
This indicator uses the same refined colour spectrum as the In The Zone RSI – 12 Band script:
Weak Volume (Bands 1–6) – Cold Side
Ultra-dark violet
Deep purples
Cool blues
Light icy blue
Strong Volume (Bands 7–12) – Hot Side
Warm yellows
Oranges
Orange-reds
Deep maroons
Ultra-dark red for max volume
You instantly know:
When volume is dying
When volume is building
When a trend is being pushed
When a breakout has REAL participation
When a reversal is weak or strong
Your brain doesn’t need to “interpret” numbers — just read the colours.
⚙️ Key Features
✔ 12 Custom Volume Thresholds
Set exact volume values that match your instrument.
A perfect companion for multi-indicator visual alignment.
✔ Borders-Only Mode
Keep your chart clean and still read volume strength.
✔ Adjustable Brightness & Opacity
Fine-tune the aesthetic for dark or light chart themes.
✔ Legend Placement Options
Display the volume band legend in any corner of the chart.
✔ Zero Lag – Zero Repaint
Everything is based on historical volume — no tricks.
🚀 Who It’s For
This tool is extremely powerful for:
Scalpers
Momentum traders
Orderflow readers
Breakout traders
Reversal hunters
Algo / quant-style chart readers
Anyone who trades with candle-flow awareness
If you rely on the “feel” of a chart, volume rhythm, or momentum pressure — this indicator becomes a cheat-code.
🎯 Practical Uses
Spot when large players enter a move
Filter weak vs strong pullbacks
Confirm breakout candles
See exhaustion before reversals
Separate noise from real interest
Pair with IZ RSI + price structure for elite scalp precision
⭐ Why Traders Love It
Because it's clear.
Instant.
And it treats volume as the truth, not something to smooth or average.
This is how scalpers and tape-readers naturally think — now in a visual form.
🔥 Final Line
12 Band Volume matched Candles turns raw volume into a crystal-clear language.
Once you see volume this way, you will never go back to traditional colouring again.
Script de código aberto
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Aviso legal
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.
Script de código aberto
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Aviso legal
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.