ballenas by Ernesto

What does this indicator do?
High Volume:
Calculates the average volume of the last n candles (configurable).
Marks candles with volume greater than the average multiplied by a factor (adjustable).
Candle Body:
Marks candles with a large body compared to their range (adjustable ratio).
Direction:
Green circle (buy): When the candle is bullish (close > open) and meets high volume and a large body.
Red circle (sell): When the candle is bearish (close < open) with high volume and a large body.
Automatic alerts: You will receive an alert when an institutional buy or sell is detected.
📊 How to use it?
Open the Pine Editor in TradingView.
Copy and paste this code.
Click Save and then Add to Chart.
Configure alerts according to your needs.
With this, you'll have a real-time indicator that displays circles on the candle itself when large volume purchases or sales are detected.