OPEN-SOURCE SCRIPT

SuperTrend Volume [BigBeluga]

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SuperTrend Volume [BigBeluga] is an advanced trend-following indicator that combines the traditional SuperTrend method with a normalized volume visualization inside trend bands, offering enhanced insight into market dynamics and volume activity.

🔵Key Features:
  • Dynamic Trend Bands: The indicator uses the SuperTrend methodology to plot upper and lower trend bands, which adapt dynamically to price movements. Green bands indicate an uptrend, while purple bands indicate a downtrend.
  • Normalized Volume Visualization:
  • Inside the trend bands, normalized volume is displayed to highlight the intensity of market participation during trends.
  • Users can choose between two visualization types:
  • Bars: Displays volume as vertical bars within the bands.
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  • Area: Represents volume as a shaded area for a smoother look.
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  • Color-Coded Trends: Trend direction is color-coded:
  • Green for bullish trends.
  • Purple for bearish trends.
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  • Volume Labels: Each bar or area has a label showing the normalized volume value 0-4 for easier interpretation.
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  • Trend Change Detection: Automatically identifies trend reversals by recalculating the SuperTrend levels and adjusting volume visualization accordingly.


🔵Usage:
  • Trend Identification: Use the color-coded trend bands to confirm the current market direction and identify potential reversals.
  • Volume Confirmation: Assess the strength of trends using normalized volume inside the bands. Higher normalized volume indicates stronger market conviction.
  • Peak Volume can be a signal of the mean reversion of priceistantanea
  • Customization: Adjust the visualization type (bars or area) based on personal preference or analysis needs.
  • Dynamic Updates: Use volume labels and trend bands to stay updated on market shifts and trading opportunities in real time.


SuperTrend Volume [BigBeluga] is a versatile tool suitable for traders who want to combine trend analysis with volume dynamics for a more comprehensive view of the market. It is ideal for identifying trend strength, detecting reversals, and gauging the participation of market players during directional moves.
Note di rilascio
- Added Colors
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Note di rilascio
- Added Colors
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Note di rilascio
- Max Volume Color
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Script open-source

In pieno spirito TradingView, l'autore di questo script lo ha pubblicato open-source, in modo che i trader possano comprenderlo e verificarlo. Un saluto all'autore! È possibile utilizzarlo gratuitamente, ma il riutilizzo di questo codice in una pubblicazione è regolato dal nostro Regolamento. Per aggiungerlo al grafico, mettilo tra i preferiti.

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