High Volume Points [BigBeluga]

🔵Key Features:
High Volume Points Visualization:
- The indicator detects pivot highs and lows with exceptionally high trading volume.
- Each high-volume point is displayed as a concentric circle, with its size dynamically increasing based on the volume magnitude.
- The exact volume at the pivot is shown within the circle.
Dynamic Levels from Volume Pivots:
- Horizontal levels are drawn from detected high-volume pivots to act as support or resistance.
- Traders can use these levels to anticipate potential liquidity zones and market reactions.
Liquidity Grabs Detection:
- If price crosses a high-volume level and grabs liquidity, the level automatically changes to a dashed line.
- This feature helps traders track areas where institutional activity may have occurred.
Volume-Based Filtering:
- Users can filter volume points by a customizable threshold from 0 to 6, allowing them to focus only on the most significant high-volume pivots.
- Lower thresholds capture more volume points, while higher thresholds highlight only the most extreme liquidity events.
🔵Usage:
- Identify strong support/resistance zones based on high-volume pivots.
- Track liquidity grabs when price crosses a high-volume level and converts it into a dashed line.
- Filter volume points based on significance to remove noise and focus on key areas.
- Use volume circles to gauge the intensity of market interest at specific price points.
High Volume Points [BigBeluga] is an essential tool for traders looking to track institutional activity, analyze liquidity zones, and refine their entries based on volume-driven market structure.
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.
Per un accesso rapido a un grafico, aggiungi questo script ai tuoi preferiti: per saperne di più clicca qui.
🔵Join our free discord for updates : bigbeluga.com/discord
All scripts & content provided by BigBeluga are for informational & educational purposes only.
Declinazione di responsabilità
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.
Per un accesso rapido a un grafico, aggiungi questo script ai tuoi preferiti: per saperne di più clicca qui.
🔵Join our free discord for updates : bigbeluga.com/discord
All scripts & content provided by BigBeluga are for informational & educational purposes only.