A TradingView script identifying bullish and bearish volume sequences by tracking price movements and volume increases to highlight potential trading opportunities.
Explore complementary indicator rolesHow it works
The script analyzes consecutive price bars by comparing closing prices and tracking volume changes. For a green sequence, it checks if each closing price is higher than the previous bar and volume is increasing, marking bullish potential.
Similarly, for a red sequence, the script identifies bars with decreasing closing prices and increasing volume, signaling potential bearish momentum. When sequences approach a predefined length, the script highlights these patterns with color-coded triangles on the chart.
Why it may be useful
Volume sequences provide traders with insights into potential market momentum and trend strength by combining price action and trading volume. These indicators help traders identify potential entry and exit points based on consistent volume patterns.
By highlighting sequences where price and volume move in specific directions, traders can gain early signals about potential market movements. The visual triangular markers make it easier to quickly recognize emerging trends and make more informed trading decisions.
When to explore it
This signal works best in markets with clear trending behavior and consistent volume patterns. Traders should use it during periods of stable market conditions where volume trends can provide meaningful signals about potential price movements.
It is particularly effective for short-term trading strategies like scalping and day trading, where quick identification of volume-based trends can lead to rapid decision-making. Traders should combine this signal with other technical analysis tools to confirm potential trading opportunities.
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What we’ve verified
Access, alerts and repainting behaviour have not been independently verified for this indicator. Check the creator’s current publication and settings.
General descriptions and classifications are recovered research. Verified details above identify the specific checks we have completed. Check the creator’s current publication for later changes.
