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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
Skrip dilindungi
Skrip ini diterbitkan sebagai sumber tertutup. Akan tetapi, anda boleh menggunakannya secara bebas dan tanpa apa-apa had – ketahui lebih di sini.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Skrip dilindungi
Skrip ini diterbitkan sebagai sumber tertutup. Akan tetapi, anda boleh menggunakannya secara bebas dan tanpa apa-apa had – ketahui lebih di sini.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.