OPEN-SOURCE SCRIPT
JVolume Elite
🚀 Volume-RSI Elite Momentum Engine (3-in-1)
The Ultimate Visual Clarity for Volume Spread Analysis (VSA) Tired of jumping between Price, Volume, and RSI? This indicator merges all three into a single, intuitive visual experience directly on your candles.
🔹 Key Features
📊 5-Tone Volume Palette: Uses a 20-period Volume EMA to color candles based on relative intensity.
Neon Green/Red: High-conviction institutional moves.
Dark/Black Shades: Volume exhaustion – signals the trend is running out of "fuel" (perfect for avoiding late entries).
🟣 Institutional Liquidity Traps (Electric Purple): Identifies high-volume Hammers and Shooting Stars. These aren't just dojis; they are asymmetric traps where retail is "washed out" and smart money takes over.
🌈 RSI Trend Backgrounds: No need for a sub-pane. The chart background tells the story:
Crimson (RSI > 70): Overbought Danger Zone.
Gold/Green (RSI 55-65): The "Momentum Sweet Spot" for trend following.
Ocean Blue (RSI < 30): Oversold/Accumulation Zone.
🔹 How to Read the "3-in-1" Story
High-Probability Long: Look for a Dark Red/Black candle (Exhaustion) or an Electric Purple Hammer in the Ocean Blue zone.
Trend Confirmation: Ride the trend as long as the background is Gold/Green and candles remain solid green.
The "Hollow" Rally: Warning! If you see Dark Green/Black candles in the Crimson zone, it’s a "hollow" move with no volume support—expect a reversal.
🔹 Built-In Intelligence
Smart Noise Filter: The indicator automatically deactivates on timeframes below 30 minutes to ensure signal reliability and prevent intraday "whipsaws."
EMA Optimized: Reacts faster to sudden volume spikes compared to standard moving averages.
The Ultimate Visual Clarity for Volume Spread Analysis (VSA) Tired of jumping between Price, Volume, and RSI? This indicator merges all three into a single, intuitive visual experience directly on your candles.
🔹 Key Features
📊 5-Tone Volume Palette: Uses a 20-period Volume EMA to color candles based on relative intensity.
Neon Green/Red: High-conviction institutional moves.
Dark/Black Shades: Volume exhaustion – signals the trend is running out of "fuel" (perfect for avoiding late entries).
🟣 Institutional Liquidity Traps (Electric Purple): Identifies high-volume Hammers and Shooting Stars. These aren't just dojis; they are asymmetric traps where retail is "washed out" and smart money takes over.
🌈 RSI Trend Backgrounds: No need for a sub-pane. The chart background tells the story:
Crimson (RSI > 70): Overbought Danger Zone.
Gold/Green (RSI 55-65): The "Momentum Sweet Spot" for trend following.
Ocean Blue (RSI < 30): Oversold/Accumulation Zone.
🔹 How to Read the "3-in-1" Story
High-Probability Long: Look for a Dark Red/Black candle (Exhaustion) or an Electric Purple Hammer in the Ocean Blue zone.
Trend Confirmation: Ride the trend as long as the background is Gold/Green and candles remain solid green.
The "Hollow" Rally: Warning! If you see Dark Green/Black candles in the Crimson zone, it’s a "hollow" move with no volume support—expect a reversal.
🔹 Built-In Intelligence
Smart Noise Filter: The indicator automatically deactivates on timeframes below 30 minutes to ensure signal reliability and prevent intraday "whipsaws."
EMA Optimized: Reacts faster to sudden volume spikes compared to standard moving averages.
Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.