OPEN-SOURCE SCRIPT
Aktualisiert Pre-Market Breadth & RVOL Oscillator
Pre-Market Breadth & RVOL Oscillator
This indicator answers two questions traders ask before the New York cash open at 9:30 ET: is real volume showing up, and is the tape actually broad-based, or is this just noise?
What it shows
RVOL (Relative Volume) — plots today's cumulative volume against the average cumulative volume at the same minute-of-day over the last N sessions (default 10, adjustable). A reading of 1.0 means volume is tracking normal. Above the "Elevated" line (default 1.5x) signals unusually strong participation; above "Heavy" (default 2.0x) signals a session that's meaningfully outpacing its recent average — the kind of volume that tends to accompany moves with follow-through rather than fade.
NYSE TICK — the number of NYSE-listed stocks trading on an uptick minus those on a downtick, recalculated essentially every trade. It's a real-time gauge of order-flow pressure; sharp spikes toward the extremes often mark short-term buying or selling exhaustion.
NYSE ADD (Advance/Decline) — the count of advancing stocks minus declining stocks, running cumulative through the session. Unlike TICK, this measures breadth: whether a move is being carried by the broad market or just a handful of large-cap names.
Used together, these three answer different pieces of the same question — RVOL tells you if volume is real, TICK tells you the moment-to-moment pressure, and ADD tells you how many stocks are actually participating.
Settings
Fully adjustable RVOL lookback window and threshold levels, with color/width customization
TICK and ADD symbols, source (open/high/low/close), display toggles, and colors — all configurable
Exchange timezone dropdown (defaults to America/New_York) so the minute-of-day calculation aligns correctly with your target session
Optional pre-market session highlight with adjustable start/end time and color
How to use it
Best viewed on a 1-minute chart in the pre-market or early session window. Look for RVOL breaking above 1.5x alongside TICK/ADD moving in a consistent direction — that combination suggests a session with real conviction behind it, as opposed to a low-volume drift that's more likely to reverse once the cash session brings in full liquidity.
This indicator answers two questions traders ask before the New York cash open at 9:30 ET: is real volume showing up, and is the tape actually broad-based, or is this just noise?
What it shows
RVOL (Relative Volume) — plots today's cumulative volume against the average cumulative volume at the same minute-of-day over the last N sessions (default 10, adjustable). A reading of 1.0 means volume is tracking normal. Above the "Elevated" line (default 1.5x) signals unusually strong participation; above "Heavy" (default 2.0x) signals a session that's meaningfully outpacing its recent average — the kind of volume that tends to accompany moves with follow-through rather than fade.
NYSE TICK — the number of NYSE-listed stocks trading on an uptick minus those on a downtick, recalculated essentially every trade. It's a real-time gauge of order-flow pressure; sharp spikes toward the extremes often mark short-term buying or selling exhaustion.
NYSE ADD (Advance/Decline) — the count of advancing stocks minus declining stocks, running cumulative through the session. Unlike TICK, this measures breadth: whether a move is being carried by the broad market or just a handful of large-cap names.
Used together, these three answer different pieces of the same question — RVOL tells you if volume is real, TICK tells you the moment-to-moment pressure, and ADD tells you how many stocks are actually participating.
Settings
Fully adjustable RVOL lookback window and threshold levels, with color/width customization
TICK and ADD symbols, source (open/high/low/close), display toggles, and colors — all configurable
Exchange timezone dropdown (defaults to America/New_York) so the minute-of-day calculation aligns correctly with your target session
Optional pre-market session highlight with adjustable start/end time and color
How to use it
Best viewed on a 1-minute chart in the pre-market or early session window. Look for RVOL breaking above 1.5x alongside TICK/ADD moving in a consistent direction — that combination suggests a session with real conviction behind it, as opposed to a low-volume drift that's more likely to reverse once the cash session brings in full liquidity.
Versionshinweise
Source LogicVersionshinweise
Beyond the primary volume readout, this indicator also tracks Relative Volume for three macro-correlated instruments using the same methodology — today's cumulative volume compared against the N-day average at the same minute-of-day:DXY Futures — flags unusual participation in the dollar, which frequently drives or confirms equity index moves
US 10-Year Yield — included for correlation tracking; note that as a cash/spot index this typically carries no real volume data, so this line may run flat. For a genuine volume-based rates signal, swap the symbol input to ZN1! (10-Year Note futures)
ZB1! (30-Year Bond Futures) — real futures volume, tracks conviction in the long end of the curve
Each instrument's symbol, visibility, and color are fully configurable in the "Additional Instrument RVOL" settings group, and all share the indicator's lookback window setting. Used alongside the primary RVOL and breadth readings, this lets you see whether a pre-market move in equities is being confirmed — or contradicted — by activity in the dollar and bond markets, a common tell for whether a move has real macro conviction behind it or is likely to fade once the cash session opens.
Versionshinweise
Source LogicOpen-source Skript
Ganz im Sinne von TradingView hat dieser Autor sein/ihr Script als Open-Source veröffentlicht. Auf diese Weise können nun auch andere Trader das Script rezensieren und die Funktionalität überprüfen. Vielen Dank an den Autor! Sie können das Script kostenlos verwenden, aber eine Wiederveröffentlichung des Codes unterliegt unseren Hausregeln.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
Open-source Skript
Ganz im Sinne von TradingView hat dieser Autor sein/ihr Script als Open-Source veröffentlicht. Auf diese Weise können nun auch andere Trader das Script rezensieren und die Funktionalität überprüfen. Vielen Dank an den Autor! Sie können das Script kostenlos verwenden, aber eine Wiederveröffentlichung des Codes unterliegt unseren Hausregeln.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.