OPEN-SOURCE SCRIPT

Volume Z-Score

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Volume Z-Score highlights candles with statistically unusual volume using a rolling z-score calculation.

The script compares each candle’s volume to the average volume over the selected lookback period, then measures how many standard deviations the current volume is above or below that average.

Candles are colored by volume deviation level:
- Z-score > 1, > 2, and > 3 for unusually high volume
- Z-score < -1, < -2, and < -3 for unusually low volume

The default lookback is 60 candles. Candle colors are fully customizable, and alerts are included for each high-volume and low-volume threshold.

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