PROTECTED SOURCE SCRIPT
VOFA Volume
VOFA Volume – Structured Volume Zones with Contextual Clouds
VOFA Volume is a volume-analysis indicator designed to categorize volume into clear, structured zones based on its relationship with a Volume Moving Average.
Instead of reading raw volume bars, the indicator highlights where current volume stands in context: very high, high, normal, or low participation.
This makes it easier to visually understand volume distribution and participation intensity across time.
🔹 Key Features
• Volume classification using Volume MA
• Distinct volume zones:
Very High Volume
High Volume
Normal Volume
Low Volume
• Volume Clouds for quick visual interpretation
• Color-coded volume bars aligned with volume zones
• Optional Volume Moving Average overlay
• Clean, dark background for better focus
• Suitable for intraday and swing analysis
🔹 How to Use
• Very High & High Volume zones highlight strong participation periods
• Normal Volume zones represent balanced activity
• Low Volume zones indicate reduced participation or quiet phases
• Volume Clouds help identify where current volume is positioned relative to its average, rather than interpreting volume in isolation
The indicator works best when combined with:
Price structure
Support & resistance
Market Profile / Volume Profile
Context-based trading approaches
🔹 Customization Options
• Enable / disable Volume Clouds
• Adjust Volume MA period
• Show or hide Volume MA line
Important Note:
This indicator does not generate buy or sell signals.
It is a volume context and classification tool intended to support market analysis alongside price action.
VOFA Volume is a volume-analysis indicator designed to categorize volume into clear, structured zones based on its relationship with a Volume Moving Average.
Instead of reading raw volume bars, the indicator highlights where current volume stands in context: very high, high, normal, or low participation.
This makes it easier to visually understand volume distribution and participation intensity across time.
🔹 Key Features
• Volume classification using Volume MA
• Distinct volume zones:
Very High Volume
High Volume
Normal Volume
Low Volume
• Volume Clouds for quick visual interpretation
• Color-coded volume bars aligned with volume zones
• Optional Volume Moving Average overlay
• Clean, dark background for better focus
• Suitable for intraday and swing analysis
🔹 How to Use
• Very High & High Volume zones highlight strong participation periods
• Normal Volume zones represent balanced activity
• Low Volume zones indicate reduced participation or quiet phases
• Volume Clouds help identify where current volume is positioned relative to its average, rather than interpreting volume in isolation
The indicator works best when combined with:
Price structure
Support & resistance
Market Profile / Volume Profile
Context-based trading approaches
🔹 Customization Options
• Enable / disable Volume Clouds
• Adjust Volume MA period
• Show or hide Volume MA line
Important Note:
This indicator does not generate buy or sell signals.
It is a volume context and classification tool intended to support market analysis alongside price action.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.