Nova Volume Indicator Suite Edition (NVI SE) by SplitzMagic
The Nova Volume Indicator Suite Edition (NVI SE) is an advanced upgrade to the original Nova tool — designed to elevate your trading strategy by combining volume momentum, volatility, and price structure into a single powerful indicator. This refined edition provides enhanced clarity, new visual cues, and smarter customization to help traders confidently identify high-probability trade setups.
How It Works
The Nova Volume Indicator Suite Edition uses advanced algorithms to analyse real-time price and volume relationships. Key features include:
Volume Momentum Calculation
By evaluating the relationship between price changes and volume, the indicator identifies momentum shifts — highlighting key moments when buyers or sellers gain control. These shifts are plotted as a dynamic histogram, allowing for precise trade timing.
Trend Direction Filter
A built-in price filter based on a moving average confirms the overall market direction. This ensures that trade signals only trigger when aligned with broader trend bias, improving win probability.
Volatility Integration
Nova SE uses price volatility as a normalizing factor to better detect when a momentum move is statistically significant — helping to filter out false signals in choppy conditions.
Alert System
Customizable alert thresholds notify users when bullish or bearish momentum crosses predefined levels. Traders can receive alerts for signal line crosses and background condition changes, making it easier to stay in sync with the market.
Background Highlighting
White or Blue background shading appears when valid bullish or bearish trade conditions are met. This instantly shows you when the market is in a high-probability setup zone — while a black background indicates no valid trade signal, helping you avoid low-conviction entries.
Custom Symbol Support
You can choose to pull data from another instrument - for example, tracking gold volume while trading a related pair. This adds a new layer of analysis for correlated market strategies.
How to Use the Nova Volume Indicator for Entries
Identifying the Trend - Check whether price is above or below the moving average. If above, focus on long setups. If below, focus on shorts.
Spotting Entries
Buy Signal: Look for a white histogram bar (bullish momentum) when price is above the moving average and momentum score exceeds the alert threshold.
Sell Signal: Look for an aqua histogram bar (bearish momentum) when price is below the moving average and momentum score falls below the negative threshold.
Background Confirmation - A white background confirms a bullish condition. A blue background confirms a bearish one. If there’s no background colour, skip the trade - the market is not offering a clear setup.
Stops and Targets - Set stops below the swing low (for buys) or above the swing high (for sells). Aiming for at least a 1:2 risk-to-reward ratio is recommended.
Customizable Settings - The Nova Volume Indicator Suite Edition offers full control over key parameters:
Signal Period: Adjusts the EMA period of the momentum score (signal line).
Volatility Period: Sets the window for measuring price volatility.
Price Filter MA Length: Controls the moving average period used to determine trend bias.
Alert Threshold: Defines the level at which bullish or bearish momentum is confirmed.
Custom Symbol Feed: Optionally track volume and price from another instrument for advanced correlation analysis.
The Nova Volume Indicator Suite Edition is a refined tool for modern traders - combining simplicity with smart design. Whether you're a beginner or experienced trader, Nova SE delivers clarity, customization, and a structured approach to volume-based trading.
Use it to filter out the noise, lock into strong momentum moves, and execute your strategy with confidence.
Start using Nova SE today and experience a smarter way to trade.
--- Custom Data feed to only be used on M1 chart
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Penafian
Skrip jemputan sahaja
Hanya pengguna yang diberikan kebenaran oleh penulis mempunyai akses kepada skrip ini dan ini selalunya memerlukan pembayaran. Anda boleh menambahkan skrip kepada kegemaran anda tetapi anda hanya boleh menggunakannya selepas meminta kebenaran dan mendapatkannya daripada penulis — ketarhui lebih lanjut di sini. Untuk lebih butiran, ikuti arahan penulis di bawah atau hubungi splitzmagic secara terus.
TradingView tidak menyarankan pembayaran untuk atau menggunakan skrip kecuali anda benar-benar mempercayai penulisnya dan memahami bagaimana ia berfungsi. Anda juga boleh mendapatkan alternatif sumber terbuka lain yang percuma dalam skrip komuniti kami.
Arahan penulis
Amaran: sila baca panduan kami untuk skrip jemputan sahaja sebelum memohon akses.