OPEN-SOURCE SCRIPT
MoveProof Volume Filter - v1.0
Volume Bars
Shows trading volume for each candle. Taller bars mean more participation.
Bright Green Bar
Bullish MoveProof confirmation. Price is breaking higher with strong volume and a solid bullish close.
Bright Red Bar
Bearish MoveProof confirmation. Price is breaking lower with strong volume and a solid bearish close.
Orange Bar
Fakeout risk. Price is poking or breaking a recent high/low, but volume or candle close quality is weak.
Muted Green Bar
Bullish candle with normal volume.
Muted Red Bar
Bearish candle with normal volume.
Gray Bar
Weak volume. Be careful trusting breakouts or continuation moves.
White Line
Average volume. Shows what normal volume looks like over the selected lookback.
Yellow Line
Strong-volume threshold. Volume above this line means participation is meaningfully above average.
RVOL
Relative volume. Example: 1.50x means current volume is 50% higher than average.
Structure
Shows whether price is breaking, poking, or not interacting with recent highs/lows.
Close
Shows whether the current candle closed strongly in its direction or looks weak/mixed.
Main idea
Bright green/red bars mean the move has proof.
Orange bars mean be careful.
Gray bars mean volume is weak.
Use it as a confirmation filter, not a standalone buy/sell system.
Indicator pairs well with my other one 'MA Trend Pullback System - v1.0'
NOT FINANCIAL ADVICE
Shows trading volume for each candle. Taller bars mean more participation.
Bright Green Bar
Bullish MoveProof confirmation. Price is breaking higher with strong volume and a solid bullish close.
Bright Red Bar
Bearish MoveProof confirmation. Price is breaking lower with strong volume and a solid bearish close.
Orange Bar
Fakeout risk. Price is poking or breaking a recent high/low, but volume or candle close quality is weak.
Muted Green Bar
Bullish candle with normal volume.
Muted Red Bar
Bearish candle with normal volume.
Gray Bar
Weak volume. Be careful trusting breakouts or continuation moves.
White Line
Average volume. Shows what normal volume looks like over the selected lookback.
Yellow Line
Strong-volume threshold. Volume above this line means participation is meaningfully above average.
RVOL
Relative volume. Example: 1.50x means current volume is 50% higher than average.
Structure
Shows whether price is breaking, poking, or not interacting with recent highs/lows.
Close
Shows whether the current candle closed strongly in its direction or looks weak/mixed.
Main idea
Bright green/red bars mean the move has proof.
Orange bars mean be careful.
Gray bars mean volume is weak.
Use it as a confirmation filter, not a standalone buy/sell system.
Indicator pairs well with my other one 'MA Trend Pullback System - v1.0'
NOT FINANCIAL ADVICE
Skrip open-source
Dengan semangat TradingView yang sesungguhnya, pembuat skrip ini telah menjadikannya sebagai sumber terbuka, sehingga para trader dapat meninjau dan memverifikasi fungsinya. Salut untuk penulisnya! Meskipun Anda dapat menggunakannya secara gratis, perlu diingat bahwa penerbitan ulang kode ini tunduk pada Tata Tertib kami.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
Skrip open-source
Dengan semangat TradingView yang sesungguhnya, pembuat skrip ini telah menjadikannya sebagai sumber terbuka, sehingga para trader dapat meninjau dan memverifikasi fungsinya. Salut untuk penulisnya! Meskipun Anda dapat menggunakannya secara gratis, perlu diingat bahwa penerbitan ulang kode ini tunduk pada Tata Tertib kami.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.