Astounding VSA Volume Clouds with Alerts

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Astounding VSA Volume Clouds with Alerts


Colors every volume bar by how it compares with its own 30-bar average, draws the thresholds as filled clouds behind the bars, and adds a set of alerts and chart labels for common volume situations.

Volume classes (multiples of the SMA):
- Red: 3.0x or more (ultra high)
- Yellow: 1.5x or more (high)
- Green: 0.5x to 1.5x (average)
- Blue: below 0.5x (low)

What it adds on top of the colors:
- Alerts for yellow/red bars on bullish or bearish candles, absorption near the local high or low, breakouts on high volume, wake-up after a quiet period, exhaustion after a run, quiet periods, and volume echo (high bar, 2-4 average bars, high again).
- Optional intrabar alerts that fire while a yellow or red bar is still forming.
- Concise labels on the price chart (hover for details), bullish below the candle, bearish above it.
- Black-outlined bars and markers placed above the bars so nothing covers them.

Setup: add the indicator, create one alert on it with the condition "Any alert() function call" and trigger "Once Per Bar Close", or pick any single condition from the list.

All thresholds, the lookback and the label size are adjustable in the settings.

Credit: the idea of volume clouds against an SMA follows the publicly described logic of "Volume Spread for VSA" by HariprasathGopal. This is an independent implementation written from scratch, not a copy of its code.

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