PROTECTED SOURCE SCRIPT
Volume Tick Color Indicator
Overview
A clean volume indicator that highlights significant volume spikes using color-coded bars. Quickly identify high-volume breakouts and low-activity periods at a glance.
How to Use
Black Bars — High volume detected. Price action on these bars often signals strong momentum or potential breakout/breakdown. Pay attention to the direction of the candle.
Green Bars — Normal or low volume. Market is in a quieter phase with less participation.
Settings
EMA Period for High Volume — Adjusts sensitivity for detecting volume spikes. Lower values = more signals, higher values = fewer but stronger signals.
Lookback Bars for High Volume — Number of previous bars the current volume must exceed to qualify as high volume.
Average Volume Period — Additional filter requiring volume to exceed this longer-term average. Enabled by default at 100 bars for stricter high-volume detection.
Enable Average Volume Filter — Toggle the additional average volume filter on/off.
Use Different Colors for Bullish/Bearish High Volume — When enabled, distinguishes between high volume on up-candles vs down-candles using separate colors.
Show EMA Line — Display the volume EMA as an orange reference line.
Alerts
* High Volume Alert — Triggers when a high-volume bar is detected.
* Low Volume Alert — Triggers when volume drops below the previous 2 bars.
Best Used For
* Spotting breakout confirmation
* Identifying climax volume at tops/bottoms
* Filtering low-conviction price moves
* Confluence with price action or other indicators
A clean volume indicator that highlights significant volume spikes using color-coded bars. Quickly identify high-volume breakouts and low-activity periods at a glance.
How to Use
Black Bars — High volume detected. Price action on these bars often signals strong momentum or potential breakout/breakdown. Pay attention to the direction of the candle.
Green Bars — Normal or low volume. Market is in a quieter phase with less participation.
Settings
EMA Period for High Volume — Adjusts sensitivity for detecting volume spikes. Lower values = more signals, higher values = fewer but stronger signals.
Lookback Bars for High Volume — Number of previous bars the current volume must exceed to qualify as high volume.
Average Volume Period — Additional filter requiring volume to exceed this longer-term average. Enabled by default at 100 bars for stricter high-volume detection.
Enable Average Volume Filter — Toggle the additional average volume filter on/off.
Use Different Colors for Bullish/Bearish High Volume — When enabled, distinguishes between high volume on up-candles vs down-candles using separate colors.
Show EMA Line — Display the volume EMA as an orange reference line.
Alerts
* High Volume Alert — Triggers when a high-volume bar is detected.
* Low Volume Alert — Triggers when volume drops below the previous 2 bars.
Best Used For
* Spotting breakout confirmation
* Identifying climax volume at tops/bottoms
* Filtering low-conviction price moves
* Confluence with price action or other indicators
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Script protegido
Esse script é publicada como código fechado. No entanto, você pode gerenciar suas escolhas de bate-papo. Por favor, abra suas Configurações do perfil
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.