OPEN-SOURCE SCRIPT
Volumetric Entropy Index

Volumetric Entropy Index (VEI)
A volume-based drift analyzer that captures directional pressure, trend agreement, and entropy structure using smoothed volume flows.
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🧠 What It Does:
• Volume Drift EMAs: Shows buy/sell pressure momentum with adaptive smoothing.
• Dynamic Bands: Bollinger-style volatility wrappers react to expanding/contracting drift.
• Baseline Envelope: Clean structural white rails for mean-reversion zones or trend momentum.
• Background Shading: Highlights when both sides (up & down drift) are in agreement — green for bullish, red for bearish.
• Alerts Included: Drift alignment, crossover events, net drift shifts, and strength spikes.
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🔍 What Makes It Different:
• Most volume indicators rely on bars, oscillators, or OBV-style accumulation — this doesn’t.
• It compares directional EMAs of raw volume to isolate real-time bias and acceleration.
• It visualizes the twisting tension between volume forces — not just price reaction.
• Designed to show when volatility is building inside the volume mechanics before price follows.
• Modular — every element is optional, so you can run it lean or fully loaded.
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📊 How to Use It:
• Drift EMAs: Watch for one side consistently dominating — sharp spikes often precede breakouts.
• Bands: When they tighten and start expanding, it often signals directional momentum forming.
• Envelope Lines: Use as high-probability reversal or continuation zones. Bands crossing envelopes = potential thrust.
• Background Color: Green/red backgrounds confirm volume agreement. Can be used as a filter for other signals.
• Net Drift: Optional smoothed oscillator showing the difference between bullish and bearish volume pressure. Crosses above or below zero signal directional bias shifts.
• Drift Strength: Measures pressure buildup — spikes often correlate with large moves.
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⚙️ Full Customization:
• Turn every layer on/off independently
• Modify all colors, transparencies, and line widths
• Adjust band width multiplier and envelope offset (%)
• Toggle bonus plots like drift strength and net baseline
---
🧪 Experimental Tools:
• Smoothed Net Drift trace
• Drift Strength signal
• Envelope lines and dynamic entropy bands with adjustable math
---
Built for signal refinement. Made to expose directional imbalance before the herd sees it.
Created by Sherlock_MacGyver
A volume-based drift analyzer that captures directional pressure, trend agreement, and entropy structure using smoothed volume flows.
---
🧠 What It Does:
• Volume Drift EMAs: Shows buy/sell pressure momentum with adaptive smoothing.
• Dynamic Bands: Bollinger-style volatility wrappers react to expanding/contracting drift.
• Baseline Envelope: Clean structural white rails for mean-reversion zones or trend momentum.
• Background Shading: Highlights when both sides (up & down drift) are in agreement — green for bullish, red for bearish.
• Alerts Included: Drift alignment, crossover events, net drift shifts, and strength spikes.
---
🔍 What Makes It Different:
• Most volume indicators rely on bars, oscillators, or OBV-style accumulation — this doesn’t.
• It compares directional EMAs of raw volume to isolate real-time bias and acceleration.
• It visualizes the twisting tension between volume forces — not just price reaction.
• Designed to show when volatility is building inside the volume mechanics before price follows.
• Modular — every element is optional, so you can run it lean or fully loaded.
---
📊 How to Use It:
• Drift EMAs: Watch for one side consistently dominating — sharp spikes often precede breakouts.
• Bands: When they tighten and start expanding, it often signals directional momentum forming.
• Envelope Lines: Use as high-probability reversal or continuation zones. Bands crossing envelopes = potential thrust.
• Background Color: Green/red backgrounds confirm volume agreement. Can be used as a filter for other signals.
• Net Drift: Optional smoothed oscillator showing the difference between bullish and bearish volume pressure. Crosses above or below zero signal directional bias shifts.
• Drift Strength: Measures pressure buildup — spikes often correlate with large moves.
---
⚙️ Full Customization:
• Turn every layer on/off independently
• Modify all colors, transparencies, and line widths
• Adjust band width multiplier and envelope offset (%)
• Toggle bonus plots like drift strength and net baseline
---
🧪 Experimental Tools:
• Smoothed Net Drift trace
• Drift Strength signal
• Envelope lines and dynamic entropy bands with adjustable math
---
Built for signal refinement. Made to expose directional imbalance before the herd sees it.
Created by Sherlock_MacGyver
Açık kaynak kodlu komut dosyası
Gerçek TradingView ruhuna uygun olarak, bu komut dosyasının oluşturucusu bunu açık kaynaklı hale getirmiştir, böylece yatırımcılar betiğin işlevselliğini inceleyip doğrulayabilir. Yazara saygı! Ücretsiz olarak kullanabilirsiniz, ancak kodu yeniden yayınlamanın Site Kurallarımıza tabi olduğunu unutmayın.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Açık kaynak kodlu komut dosyası
Gerçek TradingView ruhuna uygun olarak, bu komut dosyasının oluşturucusu bunu açık kaynaklı hale getirmiştir, böylece yatırımcılar betiğin işlevselliğini inceleyip doğrulayabilir. Yazara saygı! Ücretsiz olarak kullanabilirsiniz, ancak kodu yeniden yayınlamanın Site Kurallarımıza tabi olduğunu unutmayın.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.