OPEN-SOURCE SCRIPT
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.
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.
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.
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.
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.