OPEN-SOURCE SCRIPT
Booker - Relative Volume Signals
Booker RVOL is a momentum breakout indicator designed to identify stocks experiencing unusual buying pressure during the regular trading session.
The indicator looks for a very specific setup often seen in high-momentum small-cap stocks:
* Trading between a user-defined price range (default: $1–$20)
* Up significantly on the day (default: +30% or greater)
* Trading with meaningful liquidity (default: 500,000+ shares)
* Relative Volume (RVOL) above a minimum threshold (default: 4x normal volume)
* Price trading above both VWAP and the 9 EMA
* A breakout above the premarket high
* A bullish “drop-and-pop” pattern, where a red candle is immediately followed by a breakout candle
When all conditions align, the indicator generates an LB RVOL signal and marks the chart.
Included Features
* Relative Volume (RVOL) calculation
* Premarket high tracking
* VWAP and 9 EMA trend confirmation
* Daily gain and volume filtering
* Customizable price range filters
* Entry markers and RVOL labels
* Alert support for automated notifications
Default Philosophy
The default settings are optimized for identifying explosive small-cap momentum stocks that are:
* Gapping higher
* Trading heavy volume
* Holding above key intraday support levels
* Breaking through important resistance levels
Rather than generating frequent signals, LB RVOL focuses on finding rare, high-conviction momentum setups where multiple bullish factors are aligned at the same time.
Signal Interpretation
A signal does not guarantee a successful trade. Instead, it highlights a stock exhibiting:
1. Exceptional relative volume
2. Strong intraday trend structure
3. A breakout above premarket resistance
4. Evidence of continued buying pressure
Many traders use these signals as a starting point for further analysis, including risk management, dilution risk assessment, chart pattern review, and broader market context.
LB RVOL was built to help traders quickly identify stocks attracting institutional and speculative attention before significant intraday moves develop.
The indicator looks for a very specific setup often seen in high-momentum small-cap stocks:
* Trading between a user-defined price range (default: $1–$20)
* Up significantly on the day (default: +30% or greater)
* Trading with meaningful liquidity (default: 500,000+ shares)
* Relative Volume (RVOL) above a minimum threshold (default: 4x normal volume)
* Price trading above both VWAP and the 9 EMA
* A breakout above the premarket high
* A bullish “drop-and-pop” pattern, where a red candle is immediately followed by a breakout candle
When all conditions align, the indicator generates an LB RVOL signal and marks the chart.
Included Features
* Relative Volume (RVOL) calculation
* Premarket high tracking
* VWAP and 9 EMA trend confirmation
* Daily gain and volume filtering
* Customizable price range filters
* Entry markers and RVOL labels
* Alert support for automated notifications
Default Philosophy
The default settings are optimized for identifying explosive small-cap momentum stocks that are:
* Gapping higher
* Trading heavy volume
* Holding above key intraday support levels
* Breaking through important resistance levels
Rather than generating frequent signals, LB RVOL focuses on finding rare, high-conviction momentum setups where multiple bullish factors are aligned at the same time.
Signal Interpretation
A signal does not guarantee a successful trade. Instead, it highlights a stock exhibiting:
1. Exceptional relative volume
2. Strong intraday trend structure
3. A breakout above premarket resistance
4. Evidence of continued buying pressure
Many traders use these signals as a starting point for further analysis, including risk management, dilution risk assessment, chart pattern review, and broader market context.
LB RVOL was built to help traders quickly identify stocks attracting institutional and speculative attention before significant intraday moves develop.
Açık kaynak kodlu komut dosyası
Gerçek TradingView ruhuyla, bu komut dosyasının mimarı, yatırımcıların işlevselliğini inceleyip doğrulayabilmesi için onu açık kaynaklı hale getirdi. Yazarı tebrik ederiz! Ücretsiz olarak kullanabilseniz de, kodu yeniden yayınlamanın Topluluk Kurallarımıza tabi olduğunu unutmayın.
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.
Açık kaynak kodlu komut dosyası
Gerçek TradingView ruhuyla, bu komut dosyasının mimarı, yatırımcıların işlevselliğini inceleyip doğrulayabilmesi için onu açık kaynaklı hale getirdi. Yazarı tebrik ederiz! Ücretsiz olarak kullanabilseniz de, kodu yeniden yayınlamanın Topluluk Kurallarımıza tabi olduğunu unutmayın.
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.