OPEN-SOURCE SCRIPT
Volume Participation Curve [JOAT]
Volume Participation Curve [JOAT]
Introduction
VPC Volume Participation Curve is an open-source volume seasonality indicator that compares current volume against historical participation for the same time bucket. It helps answer a simple but important question: is current activity meaningful compared with what usually happens at this time?
Instead of treating all volume bars equally, VPC builds recurring buckets by minute, hour, day, or month, then compares live volume against the expected bucket value. It also tracks session pace so traders can see whether the session is leading or lagging expected participation.
Core Concepts
1. Time-Bucketed Expected Volume
The indicator builds historical volume samples by time bucket. Auto mode chooses practical buckets based on the chart timeframe.
2. Median or Mean Summary
Expected volume can be calculated by median or mean. Median is the default because it is more robust against abnormal spikes.
3. Participation Ratio
The main curve is current smoothed volume divided by expected volume. A value above 1.0 means current activity is above expectation.
4. Session Pace
Session cumulative volume is compared with cumulative expected volume to determine whether the whole session is leading or lagging.
5. Regime Bands
Expansion and compression thresholds are shown as clean bands around the 1.0 baseline.
Features
Input Parameters
Seasonality:
Curve:
Visual:
How to Use
Step 1: Read the participation curve relative to the 1.0 baseline.
Step 2: Treat readings above 1.2 as expansion context and readings below 0.8 as compression context.
Step 3: Confirm whether session pace agrees with the current bar's participation.
Step 4: Use the output as a participation filter for breakout, continuation, or reversal tools.
Limitations
Originality Statement
VPC is an original JOAT volume model combining time-bucketed expected volume, session pace, expansion/compression bands, and confirmed alerts in a Pine Script v6 pane indicator.
Disclaimer
This script is for educational and informational purposes only. It is not financial advice and does not guarantee future results. Trading involves risk, and users should apply their own risk management.
Made with passion by jackofalltrades
Introduction
VPC Volume Participation Curve is an open-source volume seasonality indicator that compares current volume against historical participation for the same time bucket. It helps answer a simple but important question: is current activity meaningful compared with what usually happens at this time?
Instead of treating all volume bars equally, VPC builds recurring buckets by minute, hour, day, or month, then compares live volume against the expected bucket value. It also tracks session pace so traders can see whether the session is leading or lagging expected participation.
Core Concepts
1. Time-Bucketed Expected Volume
The indicator builds historical volume samples by time bucket. Auto mode chooses practical buckets based on the chart timeframe.
2. Median or Mean Summary
Expected volume can be calculated by median or mean. Median is the default because it is more robust against abnormal spikes.
3. Participation Ratio
The main curve is current smoothed volume divided by expected volume. A value above 1.0 means current activity is above expectation.
4. Session Pace
Session cumulative volume is compared with cumulative expected volume to determine whether the whole session is leading or lagging.
5. Regime Bands
Expansion and compression thresholds are shown as clean bands around the 1.0 baseline.
Features
- Expected volume engine: Learns recurring volume behavior from historical buckets
- Participation curve: Displays current volume relative to expected activity
- Session pace curve: Shows whether cumulative session activity is ahead or behind
- Expansion and compression bands: Identifies above-expected or below-expected participation
- Dark-mode fills: Uses restrained green/red/neutral blends
- Top-right dashboard: Shows bucket, participation, pace, surprise, growth, state, and sample count
- Confirmed alerts: Includes expansion, compression, pace lead, and pace lag alerts
Input Parameters
Seasonality:
- Historical Samples per Bucket
- Bucket Mode: Auto, Minute, Hour, Day, or Month
- Expected Value: Median or Mean
Curve:
- Volume Smoothing
- Session Pace Window
Visual:
- Show Regime Bands
- Show Pace Curve
- Color Background
How to Use
Step 1: Read the participation curve relative to the 1.0 baseline.
Step 2: Treat readings above 1.2 as expansion context and readings below 0.8 as compression context.
Step 3: Confirm whether session pace agrees with the current bar's participation.
Step 4: Use the output as a participation filter for breakout, continuation, or reversal tools.
Limitations
- New symbols or sparse histories may need time to build useful bucket samples
- Unusual news or event-driven sessions can distort expected-volume comparisons
- Volume reporting differs by asset class and exchange
- This indicator does not predict direction; it measures participation context
Originality Statement
VPC is an original JOAT volume model combining time-bucketed expected volume, session pace, expansion/compression bands, and confirmed alerts in a Pine Script v6 pane indicator.
Disclaimer
This script is for educational and informational purposes only. It is not financial advice and does not guarantee future results. Trading involves risk, and users should apply their own risk management.
Made with passion by jackofalltrades
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면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
The AI Trading Ecosystem, Built to win trades 📈
Get Full Access 👇
jackofalltrades.vip 🌐
t.me/jackofalltradesvip 🃏
Get Full Access 👇
jackofalltrades.vip 🌐
t.me/jackofalltradesvip 🃏
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.