OPEN-SOURCE SCRIPT

Volume Reversal Candle

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✅ This script is clean and fully functional — it highlights volume-based reversal zones using both color and labels directly on the main chart.

This indicator detect potential reversal points where price forms a local high/low together with a volume spike.

Reversal Zone:
Bullish = candle closes green, is at local lowest low.
Bearish = candle closes red, is at local highest high.

🔔 Alerts

You can set TradingView alerts using:

📈 Bullish Volume Reversal
📉 Bearish Volume Reversal
They’ll trigger when such reversals occur on bar close.

💡 Visuals on Chart

Candle color: Green (bullish) / Red (bearish) when reversal detected.
Text labels: “Bullish Volume” or “Bearish Volume.”
Marker arrows: ▲ for bulls below bar, ▼ for bears above bar.
Everything appears on the main chart, not in a separate pane.

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.