OPEN-SOURCE SCRIPT
DMV Volume Volume Radar SIMPLE
This indicator helps identify early signs of accumulation, breakout, and distribution by analyzing relative volume and price action within defined ranges.
It detects:
🔵 ACCUM: High relative volume with buying pressure near support (early accumulation)
🟢 BRK: High relative volume near range high with bullish price action (potential breakout)
🔴 DIST: High relative volume with selling pressure near range high (distribution / potential reversal)
How it works:
Measures relative volume vs. a moving average
Builds a dynamic price range using recent swing highs/lows
Looks for wick behavior + location in range to validate signals
Color-codes candles and adds labels for quick visualization
Optional alert conditions are baked in for automated notifications
Perfect for:
Pre-breakout positioning
Spotting smart-money accumulation
Identifying distribution zones for exits or reversals
Works best on 15m–4h timeframes for crypto and alts
It detects:
🔵 ACCUM: High relative volume with buying pressure near support (early accumulation)
🟢 BRK: High relative volume near range high with bullish price action (potential breakout)
🔴 DIST: High relative volume with selling pressure near range high (distribution / potential reversal)
How it works:
Measures relative volume vs. a moving average
Builds a dynamic price range using recent swing highs/lows
Looks for wick behavior + location in range to validate signals
Color-codes candles and adds labels for quick visualization
Optional alert conditions are baked in for automated notifications
Perfect for:
Pre-breakout positioning
Spotting smart-money accumulation
Identifying distribution zones for exits or reversals
Works best on 15m–4h timeframes for crypto and alts
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.