OPEN-SOURCE SCRIPT
Smart Volume
Mis à jour
First and foremost: why is this valuable and should not be ghosted again by Pine Moderators:
It's a powerful tool to analyze volume by allowing users to focus on volume bars that matter. Triggers are calculated "per ticker", meaning it's not a one size fits all approach. It also combines volume contraction with volatility contraction (RMV) in one single indicator, among other things. I kindly ask users to comment on the uniqueness of the approach. Thank you.
I recorded a video talking about it:
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Smart Volume offers advanced volume analysis by combining volume patterns, volatility contractions, and breakout detection into a unified indicator. It helps identify key market turning points by:
The script includes a dashboard that displays:
Perfect for swing traders looking to capitalize on institutional volume patterns and volatility contractions. Most effective on daily timeframes with liquid stocks.
Key feature: Uses adaptive thresholds that adjust to each symbol's unique volume characteristics rather than fixed multiples.
It's a powerful tool to analyze volume by allowing users to focus on volume bars that matter. Triggers are calculated "per ticker", meaning it's not a one size fits all approach. It also combines volume contraction with volatility contraction (RMV) in one single indicator, among other things. I kindly ask users to comment on the uniqueness of the approach. Thank you.
I recorded a video talking about it:
___
Smart Volume offers advanced volume analysis by combining volume patterns, volatility contractions, and breakout detection into a unified indicator. It helps identify key market turning points by:
- Detecting volume compressions with volatility alignment - spots potential breakout setups when both volume and volatility contract simultaneously
- Identifying climactic volume conditions (buying/selling climax) with specific criteria for exhaustion moves
- Auto-detecting significant volume thresholds based on historical data instead of fixed multiples
- Monitoring volume/price divergences with strict criteria (>2% price moves, >20% volume changes)
The script includes a dashboard that displays:
- Volume analysis (spikes, compressions)
- Volatility state (RVM - Relative Movement Value)
- Pattern detection (climax, dry-ups, divergences)
- Liquidity assessment
- Breakout status
Perfect for swing traders looking to capitalize on institutional volume patterns and volatility contractions. Most effective on daily timeframes with liquid stocks.
Key feature: Uses adaptive thresholds that adjust to each symbol's unique volume characteristics rather than fixed multiples.
Notes de version
- added ability to change transparency of the dashboard- now allows the user to enforce or not breakouts on types of candle. Also added extra confirmation with a minimum number of compression periods.
Script open-source
Dans le plus pur esprit TradingView, l'auteur de ce script l'a publié en open-source, afin que les traders puissent le comprendre et le vérifier. Bravo à l'auteur! Vous pouvez l'utiliser gratuitement, mais la réutilisation de ce code dans une publication est régie par nos Règles. Vous pouvez le mettre en favori pour l'utiliser sur un graphique.
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Dad of James, trader, technologist, cyclist, and a modern stoic who loves dachshunds, espresso and landscape photography in no particular order.
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