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Montosca's Volume Delta

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Volume Delta Montosca - Indicator Summary

Volume Delta Montosca is a specialized Pine Script indicator for TradingView designed to analyze buying and selling pressure within each candle. It focuses on identifying high-impact volume events combined with strong directional dominance.

Key Features

1. Volume Delta Visualization

Displays volume bars split into Buy Volume (Blue) and Sell Volume (Red).

Includes centered text labels inside the bars showing the exact percentage of buy and sell volume for clear readability.

2. Signal Generation Logic (Triangles)

The indicator generates Buy (Blue Triangle) and Sell (Red Triangle) signals based on two strict criteria that must be met simultaneously:

Criterion A: Significant Volume (SMA Filter)

The current candle's volume must exceed a dynamic threshold.

This threshold is calculated using a Simple Moving Average (SMA) of the volume (e.g., 20 periods) multiplied by a user-defined Adjustment Factor (e.g., 150%).

Example: If the factor is 150%, the volume must be 1.5x higher than the average.

Criterion B: Directional Dominance

The candle must show strong internal conviction.

The Buy Percentage (for long signals) or Sell Percentage (for short signals) must exceed a specific Dominance Threshold (e.g., 70%).

3. Simplified Analysis

Alerts: Integrated alert conditions for both Buy and Sell signals for automated trading or notifications.
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Volume Delta Montosca - Indicator Summary

Volume Delta Montosca is a specialized Pine Script indicator for TradingView designed to analyze buying and selling pressure within each candle. It focuses on identifying high-impact volume events combined with strong directional dominance.

Key Features

1. Volume Delta Visualization

Displays volume bars split into Buy Volume (Blue) and Sell Volume (Red).

Includes centered text labels inside the bars showing the exact percentage of buy and sell volume for clear readability.

2. Signal Generation Logic (Triangles)

The indicator generates Buy (Blue Triangle) and Sell (Red Triangle) signals based on two strict criteria that must be met simultaneously:

Criterion A: Significant Volume (SMA Filter)

The current candle's volume must exceed a dynamic threshold.

This threshold is calculated using a Simple Moving Average (SMA) of the volume (e.g., 20 periods) multiplied by a user-defined Adjustment Factor (e.g., 150%).

Example: If the factor is 150%, the volume must be 1.5x higher than the average.

Criterion B: Directional Dominance

The candle must show strong internal conviction.

The Buy Percentage (for long signals) or Sell Percentage (for short signals) must exceed a specific Dominance Threshold (e.g., 70%).

3. Simplified Analysis

Alerts: Integrated alert conditions for both Buy and Sell signals for automated trading or notifications.

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.