Updated
Dollar Volume (Qullamaggie Style)
This indicator calculates the Dollar Volume (Close × Volume) instead of the standard lot volume, replicating the exact methodology used by momentum trader Kristjan Qullamaggie in TC2000 (C * V).
Standard volume only shows the number of shares traded, which treats a $2 penny stock and a $400 tech stock the same. Dollar Volume measures the actual liquidity and institutional cash flow flowing into the stock, making it an essential filter for detecting true Episodic Pivots (EP) and high-momentum breakouts.
Features:
Dollar Volume Bars: Shows the exact USD value traded per bar.
50-Period SMA: Replicates Qullamaggie's baseline (AVGCV50) to identify abnormal institutional volume spikes.
Clean Data Window UI: Automatically formats large numbers into easily readable Millions (M) or Billions (B) on your screen.
Fully Customizable: Easily change bar colors, transparency, and MA lines via the settings menu.
Standard volume only shows the number of shares traded, which treats a $2 penny stock and a $400 tech stock the same. Dollar Volume measures the actual liquidity and institutional cash flow flowing into the stock, making it an essential filter for detecting true Episodic Pivots (EP) and high-momentum breakouts.
Features:
Dollar Volume Bars: Shows the exact USD value traded per bar.
50-Period SMA: Replicates Qullamaggie's baseline (AVGCV50) to identify abnormal institutional volume spikes.
Clean Data Window UI: Automatically formats large numbers into easily readable Millions (M) or Billions (B) on your screen.
Fully Customizable: Easily change bar colors, transparency, and MA lines via the settings menu.
Release Notes
Added an optional Up / Down volume color mode.To enable it, open Settings > Inputs > Color Settings and set Volume Color Mode to "Up / Down". Bars use green when close is greater than or equal to open, and red when close is below open. Up Volume Color and Down Volume Color can be customized separately.
Single color remains the default, preserving the original appearance. Dollar Volume (close x volume), the 50-period SMA, and the information table are unchanged.
The colors indicate price direction, not separate buy and sell volume.
Cuma Cevik
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.
Cuma Cevik
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.