High volume bar by Vibie

High Volume Bar with Extended vPOC (Aggregation Enabled)

🧠 Concept

This indicator is designed to detect institutional activity and large traders by using statistical volume analysis and identifying key intrabar liquidity levels.
It applies Z-Score volume analysis to highlight unusually high volume candles and marks the Volume Point of Control (vPOC) inside each detected bar — the price level where the most volume was transacted.

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⚙️ How It Works
1. Z-Score Volume Analysis
• The indicator calculates how far current volume deviates from its historical average using standard deviations (Z-Score).
• When the Z-Score exceeds the user-defined threshold, the candle is flagged as a High Volume Bar (HVB).
2. Multi-Exchange Aggregation
• Volumes from Binance, Bybit, and Coinbase can be aggregated into a composite volume metric.
• This provides a broader and more accurate market perspective, minimizing anomalies from individual exchanges.
3. Candle Coloring
• Bullish HVB → entire candle (body + wicks) is colored blue.
• Bearish HVB → entire candle is colored red.
• This makes large volume events immediately visible on the chart.
4. vPOC Detection
• The script examines a lower timeframe (e.g., 1 minute) within the HVB to find the price level with the highest traded volume.
• A horizontal line is drawn at that price and can be extended for multiple bars, marking a short-term liquidity zone that often acts as support or resistance.

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🧭 How to Use
• vPOC levels frequently act as liquidity magnets and are often retested after the HVB appears.
• Bullish HVB + vPOC below current price = potential long entry zone.
• Bearish HVB + vPOC above price = potential short entry zone.
• Useful for identifying institutional absorption, stop runs, or hidden accumulation/distribution.

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🌟 Why It’s Original and Useful
• Combines statistical volume analysis (Z-Score) with intrabar volume profiling.
• Aggregates multiple exchanges for broader accuracy.
• Offers precise liquidity levels that classic indicators don’t provide.
• Especially valuable for advanced traders looking for institutional footprints.