PROTECTED SOURCE SCRIPT
Spike Volume Bar & POC

This indicator identifies volume spikes using Z-score statistical analysis and
calculates Point of Control (POC) for high-volume bars.
KEY FEATURES:
- Statistical volume spike detection using customizable Z-score threshold
- Multi-timeframe POC calculation using lower timeframe data
- Multiple volume sources (Chart, Binance, Coinbase, Bybit, OKEx)
- Smart POC line management with hit detection
- Color-coded bars for bullish/bearish high-volume periods
HOW IT WORKS:
1. Z-SCORE CALCULATION:
• Calculates rolling mean and standard deviation of volume over specified period
• Z-score = (Current Volume - Mean Volume) / Std Deviation
• Triggers when Z-score exceeds threshold (default: 2.0σ)
2. POC CALCULATION:
• For lower timeframe mode: analyzes intrabar volume distribution
• Calculates VWAP for each lower timeframe bar
• Identifies price level with highest volume concentration
• Uses statistical filtering (Z-score > 1.5) to find volume clusters
3. LINE MANAGEMENT:
• Draws horizontal lines at POC levels
• Extends lines until price touches them
• Optional: hides or grays out touched POC levels
• Maintains up to 500 active lines
UNIQUE FEATURES:
- Combines statistical volume analysis with micro-structure POC calculation
- Multi-timeframe volume profiling within single bars
- Flexible volume data sourcing for cross-exchange analysis
- Dynamic line management prevents chart clutter
USE CASES:
- Identify institutional activity and volume clusters
- Find high-probability support/resistance from volume profile
- Scalping entries at POC levels during pullbacks
- Confirmation of breakouts with volume spikes
calculates Point of Control (POC) for high-volume bars.
KEY FEATURES:
- Statistical volume spike detection using customizable Z-score threshold
- Multi-timeframe POC calculation using lower timeframe data
- Multiple volume sources (Chart, Binance, Coinbase, Bybit, OKEx)
- Smart POC line management with hit detection
- Color-coded bars for bullish/bearish high-volume periods
HOW IT WORKS:
1. Z-SCORE CALCULATION:
• Calculates rolling mean and standard deviation of volume over specified period
• Z-score = (Current Volume - Mean Volume) / Std Deviation
• Triggers when Z-score exceeds threshold (default: 2.0σ)
2. POC CALCULATION:
• For lower timeframe mode: analyzes intrabar volume distribution
• Calculates VWAP for each lower timeframe bar
• Identifies price level with highest volume concentration
• Uses statistical filtering (Z-score > 1.5) to find volume clusters
3. LINE MANAGEMENT:
• Draws horizontal lines at POC levels
• Extends lines until price touches them
• Optional: hides or grays out touched POC levels
• Maintains up to 500 active lines
UNIQUE FEATURES:
- Combines statistical volume analysis with micro-structure POC calculation
- Multi-timeframe volume profiling within single bars
- Flexible volume data sourcing for cross-exchange analysis
- Dynamic line management prevents chart clutter
USE CASES:
- Identify institutional activity and volume clusters
- Find high-probability support/resistance from volume profile
- Scalping entries at POC levels during pullbacks
- Confirmation of breakouts with volume spikes
Script protégé
Ce script est publié en source fermée. Toutefois, vous pouvez l'utiliser librement et sans aucune restriction - en savoir plus ici.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Script protégé
Ce script est publié en source fermée. Toutefois, vous pouvez l'utiliser librement et sans aucune restriction - en savoir plus ici.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.