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OPEN-SOURCE SCRIPT

Low Volume Detector

42
//version=5
indicator("Low Volume Detector", overlay=true)

// Parameters
length = input.int(20, title="Volume MA Length")
threshold = input.float(0.5, title="Low Volume Threshold (as % of MA)", minval=0.1, step=0.1)

// Volume logic
vol = volume
volMA = ta.sma(vol, length)
lowVol = vol < (volMA * threshold)

// Plot background when volume is low
bgcolor(lowVol ? color.new(color.red, 85) : na, title="Low Volume Background")

// Optional: plot volume and its MA in separate pane
plot(vol, title="Volume", color=color.gray, style=plot.style_columns)
plot(volMA, title="Volume MA", color=color.orange)

Open-source script

In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.

jumpmankrypto
Bands and ChannelsCandlestick analysisChart patterns

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.
Bands and ChannelsCandlestick analysisChart patterns

Open-source script

In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.

jumpmankrypto

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.