OPEN-SOURCE SCRIPT
Updated Volume Pulse FREE , Momentum Divergence Spike Detection //BPS
Volume oscillator with spike detection, momentum line and automatic
bullish/bearish divergence markers — to confirm price action with
real volume flow.
📊 WHAT IT SHOWS
• Volume momentum oscillator (cumulative signed volume)
• Spike markers when volume exceeds the average by your multiplier
• Pivot-based bullish & bearish divergence labels (price vs volume)
• Trend-band overlay showing volume-flow direction
• 10-timeframe momentum dashboard
🎯 HOW TO USE
• High-volume breakout = confirmed move · low-volume breakout = likely fail
• Bearish divergence at highs = potential reversal short
• Bullish divergence at lows = potential reversal long
• Volume spike on reversal candle = strong setup
• On Forex, volume = broker-only — use as bias, not main signal
🔑 KEYWORDS
Volume, Volume Oscillator, Volume Momentum, Volume Divergence,
Volume Spike, On Balance Volume, OBV, Volume Profile, Volume
Analysis, Smart Money Volume, Accumulation Distribution
bullish/bearish divergence markers — to confirm price action with
real volume flow.
📊 WHAT IT SHOWS
• Volume momentum oscillator (cumulative signed volume)
• Spike markers when volume exceeds the average by your multiplier
• Pivot-based bullish & bearish divergence labels (price vs volume)
• Trend-band overlay showing volume-flow direction
• 10-timeframe momentum dashboard
🎯 HOW TO USE
• High-volume breakout = confirmed move · low-volume breakout = likely fail
• Bearish divergence at highs = potential reversal short
• Bullish divergence at lows = potential reversal long
• Volume spike on reversal candle = strong setup
• On Forex, volume = broker-only — use as bias, not main signal
🔑 KEYWORDS
Volume, Volume Oscillator, Volume Momentum, Volume Divergence,
Volume Spike, On Balance Volume, OBV, Volume Profile, Volume
Analysis, Smart Money Volume, Accumulation Distribution
Release Notes
Fullscreen PreviewOpen-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.
Try 3 days free
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.
Try 3 days free
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.