OPEN-SOURCE SCRIPT
Volume DNA [StrixEDGE]
📊 WHAT IT DOES
StrixEDGE Volume DNA produces a single score from 0-100 that reveals whether the current price movement has genuine volume support. It synthesizes four independent volume metrics — OBV slope, Chaikin Money Flow, Relative Volume, and Volume-Price Alignment — into one easy-to-read composite. Think of it as a health check for any price move.
🔬 WHY IT'S DIFFERENT
Individual volume indicators each tell part of the story. OBV shows cumulative flow. CMF shows bounded pressure. RVOL shows participation levels. None alone gives the full picture. Volume DNA combines all four with equal weighting into a normalized 0-100 score — something no existing public indicator does. The optional breakdown mode lets you see exactly which component is driving the overall score.
⚙️ HOW IT WORKS
Four components, each scored 0-25 points:
• OBV Slope (0-25): Linear regression slope of On-Balance Volume, normalized by ATR. Rising OBV = accumulation = high score.
• CMF Score (0-25): Chaikin Money Flow mapped to 0-25 range. Positive CMF = buying pressure.
• RVOL Score (0-25): Current volume vs 20-period average. Above-average volume = higher conviction.
• Volume-Price Alignment (0-25): Are price and volume moving together? Rising price + rising volume = healthy. Rising price + falling volume = dangerous divergence.
The composite is smoothed with a 3-period EMA to reduce noise.
📈 HOW TO USE
• Score 80-100 (GREEN): Price move is well-supported — hold positions, trail stops
• Score 60-80: Adequate support — normal trading
• Score 40-60 (YELLOW): Mixed signals — reduce position size, tighten stops
• Score 20-40 (ORANGE): Weak support — avoid new entries in move direction
• Score 0-20 (RED): Critical — the move is unsupported and likely to reverse
• Enable "Show Breakdown" to identify which specific component is weak
🎛️ INPUTS & DEFAULTS
OBV Regression: 14 | CMF Period: 20 | RVOL Baseline: 20
Price Alignment LB: 5 | Smoothing: 3 | Breakdown: OFF
═══════════════════════════════════════════════════════
🔧 CUSTOMIZATION
All parameters are fully adjustable through the indicator settings panel. Inputs are grouped logically:
• ⚙️ Core Parameters — main calculation settings
• 📊 Table Settings — table size (Tiny to Huge), position (4 corners), visibility toggle
• 🎨 Visual Settings — colors, show/hide elements
• 🔔 Alert Settings — threshold values for notifications
📊 DATA TABLE
A built-in data table displays all key metrics in real-time. Adjust the table size from Tiny to Huge to match your chart layout. Position it in any corner. Toggle visibility on/off.
🔔 ALERTS
Pre-built alert conditions for all major signals. Set up alerts via TradingView's alert dialog — select this indicator and choose from the available conditions.
⏱️ RECOMMENDED TIMEFRAMES
Works on all timeframes. Recommended: 1H, 4H, Daily for best signal quality. Lower timeframes produce more signals but with higher noise. Weekly/Monthly for position trading context.
✅ COMPLIANCE
• No repainting — all signals based on confirmed bar close data
• No future data references
• Open-source code — verify the logic yourself
⚠️ DISCLAIMER
This indicator is a technical analysis tool, not financial advice. It does not predict future price movements. Past patterns and signals do not guarantee future results. Trading involves substantial risk of loss. Always use proper risk management, including stop losses and appropriate position sizing. Never risk more than you can afford to lose.
StrixEDGE Volume DNA produces a single score from 0-100 that reveals whether the current price movement has genuine volume support. It synthesizes four independent volume metrics — OBV slope, Chaikin Money Flow, Relative Volume, and Volume-Price Alignment — into one easy-to-read composite. Think of it as a health check for any price move.
🔬 WHY IT'S DIFFERENT
Individual volume indicators each tell part of the story. OBV shows cumulative flow. CMF shows bounded pressure. RVOL shows participation levels. None alone gives the full picture. Volume DNA combines all four with equal weighting into a normalized 0-100 score — something no existing public indicator does. The optional breakdown mode lets you see exactly which component is driving the overall score.
⚙️ HOW IT WORKS
Four components, each scored 0-25 points:
• OBV Slope (0-25): Linear regression slope of On-Balance Volume, normalized by ATR. Rising OBV = accumulation = high score.
• CMF Score (0-25): Chaikin Money Flow mapped to 0-25 range. Positive CMF = buying pressure.
• RVOL Score (0-25): Current volume vs 20-period average. Above-average volume = higher conviction.
• Volume-Price Alignment (0-25): Are price and volume moving together? Rising price + rising volume = healthy. Rising price + falling volume = dangerous divergence.
The composite is smoothed with a 3-period EMA to reduce noise.
📈 HOW TO USE
• Score 80-100 (GREEN): Price move is well-supported — hold positions, trail stops
• Score 60-80: Adequate support — normal trading
• Score 40-60 (YELLOW): Mixed signals — reduce position size, tighten stops
• Score 20-40 (ORANGE): Weak support — avoid new entries in move direction
• Score 0-20 (RED): Critical — the move is unsupported and likely to reverse
• Enable "Show Breakdown" to identify which specific component is weak
🎛️ INPUTS & DEFAULTS
OBV Regression: 14 | CMF Period: 20 | RVOL Baseline: 20
Price Alignment LB: 5 | Smoothing: 3 | Breakdown: OFF
═══════════════════════════════════════════════════════
🔧 CUSTOMIZATION
All parameters are fully adjustable through the indicator settings panel. Inputs are grouped logically:
• ⚙️ Core Parameters — main calculation settings
• 📊 Table Settings — table size (Tiny to Huge), position (4 corners), visibility toggle
• 🎨 Visual Settings — colors, show/hide elements
• 🔔 Alert Settings — threshold values for notifications
📊 DATA TABLE
A built-in data table displays all key metrics in real-time. Adjust the table size from Tiny to Huge to match your chart layout. Position it in any corner. Toggle visibility on/off.
🔔 ALERTS
Pre-built alert conditions for all major signals. Set up alerts via TradingView's alert dialog — select this indicator and choose from the available conditions.
⏱️ RECOMMENDED TIMEFRAMES
Works on all timeframes. Recommended: 1H, 4H, Daily for best signal quality. Lower timeframes produce more signals but with higher noise. Weekly/Monthly for position trading context.
✅ COMPLIANCE
• No repainting — all signals based on confirmed bar close data
• No future data references
• Open-source code — verify the logic yourself
⚠️ DISCLAIMER
This indicator is a technical analysis tool, not financial advice. It does not predict future price movements. Past patterns and signals do not guarantee future results. Trading involves substantial risk of loss. Always use proper risk management, including stop losses and appropriate position sizing. Never risk more than you can afford to lose.
Script open-source
Nello spirito di TradingView, l'autore di questo script lo ha reso open source, in modo che i trader possano esaminarne e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricordiamo che la ripubblicazione del codice è soggetta al nostro Regolamento.
✅MY Free Signals Telegram
t.me/StrixEdge
✅Website
strix-edge.com
t.me/StrixEdge
✅Website
strix-edge.com
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
Script open-source
Nello spirito di TradingView, l'autore di questo script lo ha reso open source, in modo che i trader possano esaminarne e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricordiamo che la ripubblicazione del codice è soggetta al nostro Regolamento.
✅MY Free Signals Telegram
t.me/StrixEdge
✅Website
strix-edge.com
t.me/StrixEdge
✅Website
strix-edge.com
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.