OPEN-SOURCE SCRIPT
GC Volume Pro
GC Volume Pro
Statistical Volume Histogram Companion
GC Volume Pro is designed as the companion indicator to GC Overlay Pro.
It reproduces the same statistical volume classification engine in a dedicated volume pane while maintaining visual synchronization with the ghost candle overlay.
Features
Shared Classification Engine
Uses the exact same calculations as GC Overlay Pro:
Volume Moving Average
Standard Deviation
Z-Score Analysis
Volume Classification
This ensures candle opacity and histogram opacity remain synchronized.
Ghost Volume Histogram
Volume bars dynamically adjust transparency according to their statistical significance.
Higher volume bars become more visible.
Lower volume bars become increasingly transparent.
Volume Moving Average
Displays a configurable volume moving average to provide additional context for current volume activity.
The moving average is calculated using the same lookback period as the volume classification engine.
Asset Agnostic
Designed to work consistently across:
Futures
Stocks
ETFs
Crypto
Forex
No market-specific settings are required.
Optional Extreme Volume Suppression
Large outlier volume bars can optionally be hidden for visual clarity.
This can be useful when:
Reviewing historical sessions
Comparing intraday volume distributions
Preventing isolated spikes from compressing the entire pane
Volume Categories
Category Default Z-Score
Extra High Volume > 2.0
High Volume > 1.25
Normal Volume > 0.50
Low Volume ≤ 0.50
Typical Uses
Session Participation Analysis
Quickly identify periods of:
Institutional participation
Market acceptance
Market rejection
through changes in relative volume.
Trend Confirmation
Strong trends often maintain:
High Volume
Extra High Volume
while weakening trends may transition into:
Normal Volume
Low Volume
Auction Market Analysis
Useful alongside:
Market Profile
TPO
Volume Profile
Camarilla Pivots
VPA
for evaluating participation at key price levels.
Default Settings
Lookback Length: 7
Standard Deviation Length: 20
Extra High Threshold: 2.0
High Threshold: 1.25
Normal Threshold: 0.50
Transparency:
Extra High: 0
High: 35
Normal: 70
Low: 95
Statistical Volume Histogram Companion
GC Volume Pro is designed as the companion indicator to GC Overlay Pro.
It reproduces the same statistical volume classification engine in a dedicated volume pane while maintaining visual synchronization with the ghost candle overlay.
Features
Shared Classification Engine
Uses the exact same calculations as GC Overlay Pro:
Volume Moving Average
Standard Deviation
Z-Score Analysis
Volume Classification
This ensures candle opacity and histogram opacity remain synchronized.
Ghost Volume Histogram
Volume bars dynamically adjust transparency according to their statistical significance.
Higher volume bars become more visible.
Lower volume bars become increasingly transparent.
Volume Moving Average
Displays a configurable volume moving average to provide additional context for current volume activity.
The moving average is calculated using the same lookback period as the volume classification engine.
Asset Agnostic
Designed to work consistently across:
Futures
Stocks
ETFs
Crypto
Forex
No market-specific settings are required.
Optional Extreme Volume Suppression
Large outlier volume bars can optionally be hidden for visual clarity.
This can be useful when:
Reviewing historical sessions
Comparing intraday volume distributions
Preventing isolated spikes from compressing the entire pane
Volume Categories
Category Default Z-Score
Extra High Volume > 2.0
High Volume > 1.25
Normal Volume > 0.50
Low Volume ≤ 0.50
Typical Uses
Session Participation Analysis
Quickly identify periods of:
Institutional participation
Market acceptance
Market rejection
through changes in relative volume.
Trend Confirmation
Strong trends often maintain:
High Volume
Extra High Volume
while weakening trends may transition into:
Normal Volume
Low Volume
Auction Market Analysis
Useful alongside:
Market Profile
TPO
Volume Profile
Camarilla Pivots
VPA
for evaluating participation at key price levels.
Default Settings
Lookback Length: 7
Standard Deviation Length: 20
Extra High Threshold: 2.0
High Threshold: 1.25
Normal Threshold: 0.50
Transparency:
Extra High: 0
High: 35
Normal: 70
Low: 95
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.