Hourly High Volume Detector

3 giorni fa

Type: Multi-Timeframe Volume Spike Scanner

This script detects high-volume hourly candles inside each daily bar to highlight potential institutional activity or hidden accumulation days.
It automatically scans the last N days (configurable lookback) and plots a purple dot below daily candles where at least one hourly candle shows:

Volume significantly higher than the hourly average (Volume Multiplier × Avg Hourly Volume)

Positive price movement exceeding the minimum % threshold

🧠 Trend Filter

A built-in 5-day trend check ensures signals are shown only during non-downtrending phases, filtering out noise when the broader trend is weak.

⚙️ Parameters

Lookback Days: How many recent daily bars to scan.

Volume Multiplier: Defines what counts as a high-volume spike.

Min Price Change %: Minimum % gain within the hourly candle to qualify.

Debug Mode: Enables small green/orange markers for internal logic visualization.

🟣 Signals

Purple Dot (Below Candle): Strong hourly accumulation signal within the day.

(Debug) Green Dot: Hourly condition passed.

(Debug) Orange Triangle: Signal suppressed due to downtrend filter.

⚠️ Notes

Must be used on the Daily timeframe (will warn if not).

Ideal for spotting smart money accumulation, pre-breakout setups, or volume-price anomalies hidden in intraday structure.

l’altro ieri

Note di rilascio

In this script - I have added High low lines where the hourly volume has increase by volume this lets us know the order block at what price the institutions are interested

21 ore fa

Note di rilascio

Improved : added manual volume, provided label toggle option

21 ore fa

Note di rilascio

I've updated the code with:

New "Use Trend Filter" toggle - Turn this OFF to see if trend is blocking your signal
Enhanced debug mode - Now shows exactly what's happening:

Current trend status
Maximum volume found vs threshold needed
Maximum % change found vs minimum required
Whether signal was found



To diagnose your issue:

Turn ON "Debug Mode" in settings
Look at today's bar - you'll see a blue label with all the stats
Check if:

Max Volume > Vol Threshold? (if not, lower your multiplier)
Max % Change > Min Required? (if not, lower min price change %)
Trend Up = false? (if so, turn off "Use Trend Filter")