OPEN-SOURCE SCRIPT
Actualizado Quantified Relative Volume - Overlay
Quantified Relative Volume - Overlay (QRVOL-O)
QRVOL-O marks price candles that occur on abnormally high relative volume, directly on the price chart.
It calculates relative volume (RVol) by comparing the current bar's volume to the average volume at the same time of day over the past 10 sessions (via TradingView's ta.relativeVolume()). When RVol clears your chosen threshold, the candle is flagged as a signal and classified by direction:
Long signal: high RVol on a bullish candle (close > open) — candle is tinted green.
Short signal: high RVol on a bearish candle (close < open) — candle is tinted red.
Doji bars (close == open) are ignored.
Optional arrows (off by default) can be enabled to mark long/short signals below/above the bar. Built-in alert conditions let you set TradingView alerts for long and short signals separately.
Settings:
Volume Ratio: RVol threshold that defines "high" volume.
Candle coloring: on/off, with separate colors for long and short signals.
Arrows: on/off, with separate colors for long and short signals.
QRVOL-O is a companion to the volume-pane indicator "Quantified Relative Volume" (QRVOL), which shows the same RVol logic as a colored volume histogram with record labels (HVE/HVY/HVQ). Use them together for a combined volume-pane + price-chart view, or independently.
This indicator does not predict future price movement or provide investment advice — it is a volume-based visualization tool. Always combine it with your own analysis and risk management.
QRVOL-O marks price candles that occur on abnormally high relative volume, directly on the price chart.
It calculates relative volume (RVol) by comparing the current bar's volume to the average volume at the same time of day over the past 10 sessions (via TradingView's ta.relativeVolume()). When RVol clears your chosen threshold, the candle is flagged as a signal and classified by direction:
Long signal: high RVol on a bullish candle (close > open) — candle is tinted green.
Short signal: high RVol on a bearish candle (close < open) — candle is tinted red.
Doji bars (close == open) are ignored.
Optional arrows (off by default) can be enabled to mark long/short signals below/above the bar. Built-in alert conditions let you set TradingView alerts for long and short signals separately.
Settings:
Volume Ratio: RVol threshold that defines "high" volume.
Candle coloring: on/off, with separate colors for long and short signals.
Arrows: on/off, with separate colors for long and short signals.
QRVOL-O is a companion to the volume-pane indicator "Quantified Relative Volume" (QRVOL), which shows the same RVol logic as a colored volume histogram with record labels (HVE/HVY/HVQ). Use them together for a combined volume-pane + price-chart view, or independently.
This indicator does not predict future price movement or provide investment advice — it is a volume-based visualization tool. Always combine it with your own analysis and risk management.
Notas de prensa
added enable switches for long or short indicationNotas de prensa
Wird bei Forex und CFD automatisch ausgeblendet, da es sich hierbei nicht um echtes Volumen handeltNotas de prensa
Added functionality to highlight an explosive candle with body-ratio >= 75%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.
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
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.
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.