OPEN-SOURCE SCRIPT
Volume Pulse Dots
Relative Volume at a Glance
Volume Pulse Dots is a lightweight, price-overlay indicator designed to highlight unusual volume activity directly on the chart, without adding clutter or a separate volume pane.
Instead of raw volume bars, this script uses relative volume (rVol) — current volume compared to a moving average of recent volume — to visually flag moments when participation meaningfully deviates from normal.
How It Works
Relative volume is calculated as:
Current volume ÷ Volume moving average (user-defined length)
Based on this ratio, small dots are plotted on the chart:
• High relative volume (green dot below bar)
Signals increased participation compared to recent activity. Often appears during momentum moves, breakouts, or strong continuation candles.
• Very high relative volume (larger cyan dot below bar)
Indicates extreme participation. Common near major breakouts, capitulation candles, or key inflection points.
• Low relative volume (gray dot above bar)
Highlights weak participation. These candles often represent fake moves, fading momentum, or price drifting without conviction.
Dots are intentionally subtle and plotted directly on price to keep context clear while staying out of the way.
How to Use It
This indicator is not a standalone signal generator. It works best when combined with:
• VWAP and EMA structure
• Key support and resistance levels
• Candlestick context (range, wicks, follow-through)
• Price location relative to the open, highs, or prior day levels
Examples:
• High rVol dots near VWAP can confirm real participation
• Very high rVol dots at extended levels may signal exhaustion
• Low rVol dots during breakouts often warn of weak follow-through
Customization
You can adjust:
• Volume moving average length
• Thresholds for high, very high, and low relative volume
• Optional display of the rVol value in the status line (no extra pane)
Design Philosophy
• No separate volume pane
• No alerts or signals
• No repainting
• Minimal visual footprint
This tool is meant to quietly surface information that experienced traders already look for, without distracting from price.
Volume Pulse Dots is a lightweight, price-overlay indicator designed to highlight unusual volume activity directly on the chart, without adding clutter or a separate volume pane.
Instead of raw volume bars, this script uses relative volume (rVol) — current volume compared to a moving average of recent volume — to visually flag moments when participation meaningfully deviates from normal.
How It Works
Relative volume is calculated as:
Current volume ÷ Volume moving average (user-defined length)
Based on this ratio, small dots are plotted on the chart:
• High relative volume (green dot below bar)
Signals increased participation compared to recent activity. Often appears during momentum moves, breakouts, or strong continuation candles.
• Very high relative volume (larger cyan dot below bar)
Indicates extreme participation. Common near major breakouts, capitulation candles, or key inflection points.
• Low relative volume (gray dot above bar)
Highlights weak participation. These candles often represent fake moves, fading momentum, or price drifting without conviction.
Dots are intentionally subtle and plotted directly on price to keep context clear while staying out of the way.
How to Use It
This indicator is not a standalone signal generator. It works best when combined with:
• VWAP and EMA structure
• Key support and resistance levels
• Candlestick context (range, wicks, follow-through)
• Price location relative to the open, highs, or prior day levels
Examples:
• High rVol dots near VWAP can confirm real participation
• Very high rVol dots at extended levels may signal exhaustion
• Low rVol dots during breakouts often warn of weak follow-through
Customization
You can adjust:
• Volume moving average length
• Thresholds for high, very high, and low relative volume
• Optional display of the rVol value in the status line (no extra pane)
Design Philosophy
• No separate volume pane
• No alerts or signals
• No repainting
• Minimal visual footprint
This tool is meant to quietly surface information that experienced traders already look for, without distracting from price.
Script open-source
Dans l'esprit TradingView, le créateur de ce script l'a rendu open source afin que les traders puissent examiner et vérifier ses fonctionnalités. Bravo à l'auteur! Bien que vous puissiez l'utiliser gratuitement, n'oubliez pas que la republication du code est soumise à nos Règles.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Script open-source
Dans l'esprit TradingView, le créateur de ce script l'a rendu open source afin que les traders puissent examiner et vérifier ses fonctionnalités. Bravo à l'auteur! Bien que vous puissiez l'utiliser gratuitement, n'oubliez pas que la republication du code est soumise à nos Règles.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.