VOLUME RECOVERY
Absolutely — here’s the updated version with that added in naturally:
VOLUME RECOVERY is a 4-candle volume pattern designed to highlight moments when market participation fades and then returns with strength.
The setup begins with Candle 1 as the reference volume. Candles 2 and 3 must both print lower volume than Candle 1, showing a temporary drop in activity. Candle 4 then confirms the recovery by printing higher volume than both Candle 3 and Candle 1.
When the pattern is confirmed, the signal is plotted back on Candle 1:
Green Candle 1: bullish marker below the candle
Red Candle 1: bearish marker above the candle
An optional Same Color setting can require Candle 1 and Candle 4 to match direction, helping filter for cleaner continuation-style setups.
This indicator is great for getting extra insight into possible market direction by showing where volume contracts, resets, and then returns with stronger participation. It can help highlight areas where buyers or sellers may be regaining control and where directional momentum may be building.
VOLUME RECOVERY is a 4-candle volume pattern designed to highlight moments when market participation fades and then returns with strength.
The setup begins with Candle 1 as the reference volume. Candles 2 and 3 must both print lower volume than Candle 1, showing a temporary drop in activity. Candle 4 then confirms the recovery by printing higher volume than both Candle 3 and Candle 1.
When the pattern is confirmed, the signal is plotted back on Candle 1:
Green Candle 1: bullish marker below the candle
Red Candle 1: bearish marker above the candle
An optional Same Color setting can require Candle 1 and Candle 4 to match direction, helping filter for cleaner continuation-style setups.
This indicator is great for getting extra insight into possible market direction by showing where volume contracts, resets, and then returns with stronger participation. It can help highlight areas where buyers or sellers may be regaining control and where directional momentum may be building.
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.
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.