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Master Volume Indicator (v6)

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This script is a comprehensive volume analysis tool built in Pine Script v6, designed for traders who want more insight into how volume behaves beyond simple bars.

Features:

๐Ÿ“Š Volume Histogram โ€“ Colored columns showing up vs down volume (by close-to-close change, or close vs open).

๐Ÿ“ˆ Two General SMAs โ€“ User-defined moving averages of volume for trend and momentum analysis.

๐ŸŸข๐Ÿ”ด Up vs Down Volume SMAs โ€“ Separate moving averages of up-volume and down-volume.

๐ŸŽจ Dominance Fill โ€“ A shaded region showing whether buying (green) or selling (red) pressure dominates on average.

How to Use:

Use the dual SMAs to spot shifts in volume momentum.

Watch the dominance fill to quickly see whether buyers or sellers are in control.

Combine with price action or other indicators to confirm breakouts, trend strength, or reversals.

Customization:

Adjustable SMA lengths for general volume.

Adjustable SMA length for Up/Down dominance.

Choice of coloring by close vs prior close or close vs open.

Flexible volume color settings.

This indicator is suitable for stocks, forex, crypto, and futures. It gives traders a clear view of where the weight of market activity is leaning: toward buyers or sellers.
Nota Keluaran
This indicator combines raw volume analysis with dual moving averages and a real-time buyer vs. seller dominance panel.

๐Ÿ”น Features:

Volume bars colored by price action (up/down).

Two customizable SMAs of total volume for trend context.

Separate SMAs for Up Volume and Down Volume, with shaded dominance zones.

Alerts for Up Volume vs. Down Volume SMA crossovers.

On-chart status panel showing whether Buyers ๐Ÿ“ˆ or Sellers ๐Ÿ“‰ are in control.


How to Use:

โœ… Use the Up/Down SMA crossovers as confirmation of momentum shifts (alerts included).

โœ… Watch for extended dominance by either Buyers or Sellers to validate strength behind trends.

โœ… Compare general volume SMAs with price structure to spot divergence (e.g., price rising but volume SMA weakening).

โœ… Combine with support/resistance, liquidity zones, or trend indicators for high-probability setups.

โœ… Alerts allow hands-off monitoring so you wonโ€™t miss critical momentum shifts.

This tool helps traders quickly gauge whoโ€™s in control of the market and align trades with the prevailing force.

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.