OPEN-SOURCE SCRIPT
Price x Volume Activity
Price × Volume Activity highlights candles where unusually large amounts of capital are participating in the market.
The indicator calculates Price × Volume (PV) for each candle and compares it to a 20-period average. When the current PV exceeds 1.8× its average, the background is highlighted to signal a participation spike.
These spikes often occur during:
• Breakouts and breakdowns
• Institutional accumulation or distribution
• High-conviction trend moves
• News or momentum-driven volatility
How to Read It
Orange line → Current Price × Volume
Blue line → 20-period PV average
Red background → Unusually high participation
High PV spikes suggest that significantly more capital than usual is active in the candle, helping traders confirm whether a move has strong conviction behind it.
Best Use Cases
This indicator works best in markets where volume reflects real traded participation, such as:
• Stocks
• Cryptocurrencies
• Futures and other liquid derivatives
It is less reliable on spot index charts, where volume may represent derived or proxy data rather than actual traded value.
Tips for Using the Indicator
For best results, combine this indicator with:
• Price action analysis
• Support and resistance levels
• Volume or open interest analysis
Used together, these tools can help identify high-participation moves, potential accumulation or distribution zones, and stronger breakout confirmations.
The indicator calculates Price × Volume (PV) for each candle and compares it to a 20-period average. When the current PV exceeds 1.8× its average, the background is highlighted to signal a participation spike.
These spikes often occur during:
• Breakouts and breakdowns
• Institutional accumulation or distribution
• High-conviction trend moves
• News or momentum-driven volatility
How to Read It
Orange line → Current Price × Volume
Blue line → 20-period PV average
Red background → Unusually high participation
High PV spikes suggest that significantly more capital than usual is active in the candle, helping traders confirm whether a move has strong conviction behind it.
Best Use Cases
This indicator works best in markets where volume reflects real traded participation, such as:
• Stocks
• Cryptocurrencies
• Futures and other liquid derivatives
It is less reliable on spot index charts, where volume may represent derived or proxy data rather than actual traded value.
Tips for Using the Indicator
For best results, combine this indicator with:
• Price action analysis
• Support and resistance levels
• Volume or open interest analysis
Used together, these tools can help identify high-participation moves, potential accumulation or distribution zones, and stronger breakout confirmations.
开源脚本
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免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。
开源脚本
秉承TradingView的精神，该脚本的作者将其开源，以便交易者可以查看和验证其功能。向作者致敬！您可以免费使用该脚本，但请记住，重新发布代码须遵守我们的网站规则。
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。