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ZenScalper Volume Surge Overlay

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ZenScalper Volume Surge Overlay highlights unusual volume activity directly on the price chart by comparing current volume to a moving average of volume.

Features:

• Detects volume spikes relative to average volume.
• Displays labels above candles showing the strength of the surge:

2x = Volume is at least 2 times average
3x = Volume is at least 3 times average
4x = Volume is at least 4 times average
5x+ = Extreme volume expansion
• Helps identify potential breakout candles, liquidation events, reversals, institutional participation, and key reaction points.
• Designed to work alongside price action, VWAP, EMA, support/resistance, and market structure analysis.

Inputs:

Volume SMA Length: Defines the average volume baseline.
Label Size: Adjusts marker visibility.
Surge Thresholds: Customize the minimum multiples required for each label level.

This indicator does not generate buy or sell signals. It is intended as a volume confirmation tool to help traders quickly identify candles receiving significantly more participation than normal.

Best used in conjunction with trend, momentum, and price action analysis.

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.