OPEN-SOURCE SCRIPT
Pump & Dump Detector v6
Overview:
The Pump & Dump Detector v6 is a powerful TradingView indicator designed to identify rapid bullish (pump) or bearish (dump) price movements in real time. By combining Rate of Change (ROC), candle volatility, and volume analysis, this indicator highlights extreme market moves that could indicate momentum spikes, retail-driven activity, or potential manipulations.
Key Features:
ROC-Based Detection: Detects strong upward or downward price momentum over a configurable period.
Volume Confirmation: Filters signals based on volume exceeding a simple moving average, reducing false alerts.
Customizable Candle Filters: Ensures signals are triggered only when the candle shows meaningful movement.
Visual Alerts: Displays clear green (pump) and red (dump) markers on the chart with customizable size.
Real-Time Alerts: Sends instant notifications when pump or dump conditions are met, once per bar.
User-Friendly Inputs: Adjust ROC length, thresholds, minimum candle move, and volume MA length to fit your trading style.
Community-Oriented: As a trader and software professional, I noticed that most pump/dump indicators are restricted access. I developed this indicator to be free for all, helping the trading community.
How to Use:
Green triangle below the bar → Pump detected; consider bullish setups.
Red triangle above the bar → Dump detected; consider bearish setups.
Use in conjunction with other technical analysis tools for confirmation.
Alerts can be used for automated notifications or trading strategies.
Why It’s Useful:
This indicator saves time and enhances decision-making by spotting extreme price moves early, giving traders an edge in volatile markets. Ideal for intraday, swing, and crypto traders looking to capitalize on sudden momentum shifts.
The Pump & Dump Detector v6 is a powerful TradingView indicator designed to identify rapid bullish (pump) or bearish (dump) price movements in real time. By combining Rate of Change (ROC), candle volatility, and volume analysis, this indicator highlights extreme market moves that could indicate momentum spikes, retail-driven activity, or potential manipulations.
Key Features:
ROC-Based Detection: Detects strong upward or downward price momentum over a configurable period.
Volume Confirmation: Filters signals based on volume exceeding a simple moving average, reducing false alerts.
Customizable Candle Filters: Ensures signals are triggered only when the candle shows meaningful movement.
Visual Alerts: Displays clear green (pump) and red (dump) markers on the chart with customizable size.
Real-Time Alerts: Sends instant notifications when pump or dump conditions are met, once per bar.
User-Friendly Inputs: Adjust ROC length, thresholds, minimum candle move, and volume MA length to fit your trading style.
Community-Oriented: As a trader and software professional, I noticed that most pump/dump indicators are restricted access. I developed this indicator to be free for all, helping the trading community.
How to Use:
Green triangle below the bar → Pump detected; consider bullish setups.
Red triangle above the bar → Dump detected; consider bearish setups.
Use in conjunction with other technical analysis tools for confirmation.
Alerts can be used for automated notifications or trading strategies.
Why It’s Useful:
This indicator saves time and enhances decision-making by spotting extreme price moves early, giving traders an edge in volatile markets. Ideal for intraday, swing, and crypto traders looking to capitalize on sudden momentum shifts.
Script open-source
In pieno spirito TradingView, il creatore di questo script lo ha reso open-source, in modo che i trader possano esaminarlo e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricorda che la ripubblicazione del codice è soggetta al nostro Regolamento.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Script open-source
In pieno spirito TradingView, il creatore di questo script lo ha reso open-source, in modo che i trader possano esaminarlo e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricorda che la ripubblicazione del codice è soggetta al nostro Regolamento.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.