MarketSmith / MarketSurge Style Volumes

Purpose

• Emulates MarketSmith-style volume analysis in TradingView.
  
• Focused on abnormal volume, institutional footprints, and volume vs. average.
  

Core Display

• Plots a volume histogram with a volume moving average (daily or weekly length).
  
• Optional truncation: caps bars at 2× average volume for cleaner scaling.
  
• Bar colors:
  
• Up/down based on current vs. previous close.
  
• Optional special colour for low relative volume (10-bar lows).
  

Highest-Volume Logic (HVE / HV1)

• Detects:
  
• HVE – Highest Volume Ever.
  
• HV1 – Highest Volume in Over a Year (252D / 52W / 12M).
  
• Labels key peaks with:
  
• “HVE” / “HV1” tags.
  
• Optional shares traded (K/M/B) and % above volume MA.
  
• Uses pivot logic over a configurable Peak Length to anchor volume peaks.
  

Current Bar Labels

• On the latest bar, shows:
  
• Formatted volume (K/M/B).
  
• Volume buzz = % above/below average volume.
  
• Buzz label colored green/red depending on positive or negative reading.
  

Volume Buzz & Trend Context

• volBuzz = 100 * (vol / MA – 1) plotted as a separate series.
  
• Highlights stretches of unusually high or low activity relative to the norm.
  

Up / Down Volume Ratio

• Sums up-volume and down-volume over the last 50 bars.
  
• Computes Up/Down Volume Ratio = sumUp / sumDn to gauge buying vs. selling pressure.
  

Info Table (Top-Right)

• Optional small table showing:
  
• Avg Volume (K/M/B).
  
• Avg Dollar Volume (close × MA).
  
• U/D Volume Ratio.
  
• Optional current volume and current buzz with positive/negative colors.
  

Overall

• Not a signal system—it's a volume-reading assistant.
  
• Helps identify true standout volume, institutional spikes, and quiet vs. aggressive trading conditions at a glance.