Average Daily Volume with Anomalies

A trigger program to print volume triggers on stocks that are being watched.
It helps with identifying the trigger volume on a candle and helps determine whether one can enter a position or not.

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Added Volume Trigger indicator, users can now configure the volume trigger at which they think the buy came into effect and create an alert for the same

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Added blue square marker to show if the price and volume is higher than last two bars, it is like a pre cursor to an upcoming volume, however it will be confirmed by the volume anomaly in the subsequent bars.

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added relative volume threshold to indicate incoming bullish surge. User can choose to display the relative volume threshold label from the settings. If both Vol anomaly and rvol threshold prints then there is a high probability that price can move up from the first time rvol + anomaly was printed. Also added a alert when the threshold reaaches.

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Updated to add possible price move information, the factor can be changed from settings.

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Formatted RVOL % and Possible Price Movement to 2 decimal

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Format change

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Corrected possible price movement formula

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Added configurable take profit lines for easy scalping, the take profit percentage is configurable based on the most recent RVOL label printed.

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Added configurable TP Cap, the expected price movement will not exceed the configured %

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Added Bearish RVOL label for reference, if bearish label appears without any bullish RVOL label then it is a rapidly moving down.

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Added previous TP lines to be visible to get price context.
performance optimization and streamline

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introduced a configurable high extreme threshold and color setting within the RVOL parameters, allowing for more granular visualization of volume spikes. The script now dynamically updates the label background to the high extreme color whenever relative volume exceeds the new threshold, defaulting to yellow at a value of 11.

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Added bullish breakouts by highlighting candles where both the closing price and trading volume simultaneously exceed their highest levels from a user-defined lookback period. It provides customizable visual feedback through bar coloring and includes built-in alerts to help traders spot these high-conviction momentum signals in real-time.

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Added a average volume condition for painting the bars blue which is by default disabled in the panel. Enabling this ensures the bars are painted blue if the volume was double than the last average of 'X' lookback candles

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Added the High of Day (HoD) logic which acts like a tracker that starts fresh every time the market opens, recording the highest point the price reaches during that session. If the current candle finishes forming (closes) above that tracked high point, it means a new peak has been reached. When this happens, the script highlights that specific candle in yellow to alert you of the new high.

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Updated the TP lines to use the same color as the RVOL label color to keep them visually consistent

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Added option to choose for TP calculations, users can choose between linear and fib settings

Script de código abierto

Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que cualquier republicación del código está sujeta a nuestras Normas internas.

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Exención de responsabilidad

La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.

Script de código abierto

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