BT Bar - 1.0

27 thg 7

BTBar Description
BTBar is a visual script designed to identify and highlight candles with abnormally high volume, making it easier for traders to spot pressure imbalances and key price areas during live market action.

🔍 The script compares the current candle’s volume to the previous one, and highlights candles that exceed specific percentage thresholds (customizable by the user) using distinct colors.

Rather than relying on generic trend or scalping strategies, BTBar is based on relative volume intensity detection — a concept rooted in order flow analysis — to help traders identify:

Candles with unusual volume spikes (possible absorption or exhaustion),

Medium/high volume continuation signals,

Areas where price might reverse or accelerate.

🛠️ It also offers the option to automatically draw horizontal lines from the open of the highest-volume candles, helping traders track potential institutional decision levels throughout the day.

⚙️ How to use:
Apply BTBar to a clean chart.

Customize the volume threshold levels (e.g., 300%, 400%, etc.).

Watch for highlighted candles — these indicate moments when volume significantly broke previous levels, marking potential points of interest or behavior shifts.

Use the optional horizontal lines as visual support/resistance levels derived from volume extremes.

🧠 Underlying concept:
BTBar uses a percentage-based volume comparison approach, inspired by techniques in footprint charts and volume spike detection.
This allows traders to visually spot key market reactions without relying on numeric overload or complex setups.

27 thg 7

Phát hành các Ghi chú

BTBar Description
BTBar is a visual script designed to identify and highlight candles with abnormally high volume, making it easier for traders to spot pressure imbalances and key price areas during live market action.

🔍 The script compares the current candle’s volume to the previous one, and highlights candles that exceed specific percentage thresholds (customizable by the user) using distinct colors.

Rather than relying on generic trend or scalping strategies, BTBar is based on relative volume intensity detection — a concept rooted in order flow analysis — to help traders identify:

Candles with unusual volume spikes (possible absorption or exhaustion),

Medium/high volume continuation signals,

Areas where price might reverse or accelerate.

🛠️ It also offers the option to automatically draw horizontal lines from the open of the highest-volume candles, helping traders track potential institutional decision levels throughout the day.

⚙️ How to use:
Apply BTBar to a clean chart.

Customize the volume threshold levels (e.g., 300%, 400%, etc.).

Watch for highlighted candles — these indicate moments when volume significantly broke previous levels, marking potential points of interest or behavior shifts.

Use the optional horizontal lines as visual support/resistance levels derived from volume extremes.

🧠 Underlying concept:
BTBar uses a percentage-based volume comparison approach, inspired by techniques in footprint charts and volume spike detection.
This allows traders to visually spot key market reactions without relying on numeric overload or complex setups.