ALGOGRAM-VOLUMEXPRICE

📊 Price × Volume Volume-Style Histogram 🔍
Custom Buy Signal Based on Institutional Activity

This powerful volume-based oscillator helps detect potential institutional buying zones using a two-layer filter logic:

✅ Core Logic:
Price × Volume > ₹4 Cr
This ensures high-value transactions — a sign of serious interest, not noise.

Volume Spike > 10× Average Volume
Filters for unusual volume activity compared to the last 50 bars (customizable).

🎯 Signal Highlights:
🔵 Purple Bars: Strong buy signal when both conditions are true (price × volume > ₹4Cr AND volume spike).

🟢 Light Green Bars: Price × Volume > ₹4Cr but no volume spike.

🔷 Cyan Bars: Only volume spike detected.

⚪ White Bars: Normal market activity.

🟢 Visual Features:
Plots as a histogram in a separate pane — just like the volume chart.

Optional green dot above purple bars for clear entry marking.

₹4Cr threshold reference line included (dashed red).

Adjustable:

Timeframe

Average period for volume

Threshold in ₹ Crores

💡 Use Case:
This indicator is designed for short-term traders and swing traders to catch breakout points where institutional volume meets price acceleration.