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Volume Momentum Radar

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📊 Volume Momentum Radar — Smarter Volume, Clear Momentum

Volume Momentum Radar is a simple, zero-nonsense improvement on the standard volume indicator. It helps you instantly see when volume matters by combining:

Relative Volume

Price Momentum

…in a single, easy-to-read volume pane.

Instead of just plotting raw volume, this tool highlights when rising volume is actually aligned with momentum, helping you quickly spot meaningful participation vs noise.

🧠 What it measures

The indicator calculates:

Relative Volume
Volume compared to its moving average to detect unusually high or low activity.

Momentum
You can choose:

RSI-based momentum (default)

or Rate of Change (ROC)

Momentum is centered so:

above 0 = bullish momentum

below 0 = bearish momentum

🎨 Color Logic (at a glance)

Each volume column is colored according to both volume and momentum:

🟢 Bright Green – high volume + bullish momentum

🔴 Bright Red – high volume + bearish momentum

🟦 Blue – neutral / choppy

🌫️ Gray – low relative volume (quiet market)

🟩 Teal – bullish momentum, normal volume

🟫 Maroon – bearish momentum, normal volume

The orange line is the Volume Moving Average, your baseline for relative volume.

👀 Optional extra information

Turn on the settings toggle to show:

📈 Relative Volume as a line

⚡ Normalized momentum line

This is helpful if you want a more analytical view rather than just colors.

✅ How traders commonly use it

identify high-participation breakouts or breakdowns

filter fake moves on low volume

visually time trend continuation vs exhaustion

confirm price action with momentum-aligned volume

It is designed to be:

clean

fast to read

beginner-friendly

useful on any market or timeframe

🔔 Notes

Does not repaint

Works on crypto, forex, indices, stocks, futures

Best paired with:

trend tools

market structure

support/resistance / liquidity concepts
Note di rilascio
Added regime label : The label is easy to read and classifies current market condition by combining:

relative volume (vs. volume moving average)

momentum direction (RSI- or ROC-based, depending on your setting)

It updates on the latest bar only and is offset to the right (default +5 bars) so it doesn’t overlap price/volume.

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