OPEN-SOURCE SCRIPT
Advanced High Volume Bars - Hybrid
This indicator highlights abnormal trading volume directly on price candles by combining two methods: absolute volume relative to its moving average and standard deviation, and sudden volume acceleration compared with the previous candle.
Normal bullish candles are shown in green and normal bearish candles in red. High, very high, and exceptional bullish volume are displayed with a blue gradient, while high, very high, and exceptional bearish volume are displayed with an orange gradient.
The script is designed to make unusual volume activity easier to identify at a glance and can be used to help confirm breakouts, reversals, momentum shifts, and potential exhaustion moves.
Default settings: 200-bar lookback, with volume thresholds based on 0.5, 1.0, and 2.0 standard deviations.
Normal bullish candles are shown in green and normal bearish candles in red. High, very high, and exceptional bullish volume are displayed with a blue gradient, while high, very high, and exceptional bearish volume are displayed with an orange gradient.
The script is designed to make unusual volume activity easier to identify at a glance and can be used to help confirm breakouts, reversals, momentum shifts, and potential exhaustion moves.
Default settings: 200-bar lookback, with volume thresholds based on 0.5, 1.0, and 2.0 standard deviations.
Open-source script
In true PulseWire spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by PulseWire. Read more in the Terms of Use.
Open-source script
In true PulseWire spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by PulseWire. Read more in the Terms of Use.