Enhanced Volume w/ Pocket Pivots, Milestones & Liquidity

Sure! Here’s a professional and clear **description** you can use when saving or publishing the script on TradingView:

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## 📄 Script Description: *Enhanced Volume w/ Pocket Pivots, Milestones & Liquidity*

This custom volume indicator enhances the default volume view by combining key institutional-level insights into a single tool. It highlights meaningful volume activity, liquidity conditions, and milestone events to help traders better understand accumulation/distribution and smart money participation.

### 🔍 Features:

* **Color-coded volume bars**:

* 🔵 **Pocket Pivot Volume (PPV)**: Up-day with volume > highest down-day volume of last 10 bars.
* 🟢 **Up Volume**: Up-day with volume > 50-day average.
* 🔴 **Down Volume**: Down-day with volume > 50-day average.
* 🟠 **Dry Volume**: Low-volume bars < 20% of 50-day average.
* ⚫ **Neutral/Other bars**: No significant signal.

* **Volume Milestones**:

* **HVE**: Highest volume ever (20 years lookback).
* **HVY**: Highest volume in the past 1 year (252 bars).
* **HVQ**: Highest volume in the past quarter (63 bars).

* **Projected Volume**:

* Real-time estimate of end-of-day volume based on elapsed session time.

* **Liquidity Metrics**:

* Displays current and 50-day average dollar volume.
* Estimates 1-minute liquidity for large-position feasibility.

* **Relative Volume Label**:

* Displays how today’s volume compares to the 50-day average.

* **Alerts Included**:

* Set alerts for HVE, HVY, and HVQ to catch key breakout or climactic volume events.

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### 🧠 Ideal For:

* Growth stock traders
* Volume/price analysts
* Intraday & swing traders
* Institutions or prop traders needing liquidity benchmarks

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