High Volume Buyers/Sellers+

High Volume Buyers/Sellers+

This indicator helps traders spot bars where unusually high or extreme volume occurs, indicating strong buying or selling pressure.

How it works:

Calculates a volume moving average (SMA) over a user-defined period.

Marks bars where the current volume exceeds:

High Volume Multiplier → small green circle (bullish) or red circle (bearish).

Extreme Volume Multiplier → small green up-triangle (bullish) or red down-triangle (bearish).

Settings:

Volume MA Period → Number of bars used to calculate the average volume.

High Volume Multiplier → Threshold to define high volume.

Extreme Volume Multiplier → Threshold to define extreme volume.

Show Extreme Volume Signals → Option to enable or disable extreme volume markers.

Usage tips:
Apply this indicator on a clean chart to visually highlight momentum bursts or exhaustion points.
It works well for both intraday and swing trading strategies where volume confirmation matters.

⚠ Note: This script only displays on-chart markers and does not plot any lines or indicators.