OPEN-SOURCE SCRIPT

High Volume Buyers/Sellers+

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High Volume Buyers/Sellers+

This indicator helps traders spot bars where unusually high or extreme volume occurs, indicating strong buying or selling pressure.

How it works:

Calculates a volume moving average (SMA) over a user-defined period.

Marks bars where the current volume exceeds:

High Volume Multiplier → small green circle (bullish) or red circle (bearish).

Extreme Volume Multiplier → small green up-triangle (bullish) or red down-triangle (bearish).

Settings:

Volume MA Period → Number of bars used to calculate the average volume.

High Volume Multiplier → Threshold to define high volume.

Extreme Volume Multiplier → Threshold to define extreme volume.

Show Extreme Volume Signals → Option to enable or disable extreme volume markers.

Usage tips:
Apply this indicator on a clean chart to visually highlight momentum bursts or exhaustion points.
It works well for both intraday and swing trading strategies where volume confirmation matters.

⚠ Note: This script only displays on-chart markers and does not plot any lines or indicators.

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.