OPEN-SOURCE SCRIPT
Volume Ribbon with Custom Neon Spikes
The Volume Ribbon with Custom Neon Spikes is a momentum-driven indicator that isolates underlying market sentiment by plotting the net difference between buying and selling volume as a dynamic central histogram.
Moving average crossovers and directional shifts dictate standard green and red gradient tones, while a smoothed orange signal line provides early warnings for shifting trends. To ensure you never miss institutional activity, the script features a built-in alert system that instantly overrides standard colors with brilliant, custom neon green or neon pink highlights whenever a massive volume spike occurs—specifically defined as a bar printing at over 2x the recent total volume average.
Moving average crossovers and directional shifts dictate standard green and red gradient tones, while a smoothed orange signal line provides early warnings for shifting trends. To ensure you never miss institutional activity, the script features a built-in alert system that instantly overrides standard colors with brilliant, custom neon green or neon pink highlights whenever a massive volume spike occurs—specifically defined as a bar printing at over 2x the recent total volume average.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.