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Volume Intensity Meter
Volume Intensity Meter
Overview
The Volume Intensity Meter is a Pine Script v6 indicator for TradingView that measures market momentum and direction using a volume-weighted intensity metric. It renders a normalized percentage score in a compact table with a gradient meter and directional arrows indicating bullish, bearish, or neutral conditions. A hybrid formula balances direction and volatility, and users can tune sensitivity and display settings.
How It Works
The indicator builds a hybrid intensity score from:
• Volatility component: (high − low) × volume (30% weight)
• Directional component: (close − open) × volume (70% weight)
The raw score is smoothed with an EMA (default 5) and normalized by a baseline SMA (default 20) to produce a percentage metric, clamped between −150% and +150%. A gradient row (red → yellow → green) provides context, and a pointer highlights the current intensity. Directional arrows (▲ bullish, ▼ bearish, ⎯ neutral) switch based on a user sensitivity threshold of 1% by default (0.01 in normalized units).
Key Features
• Hybrid Intensity Calculation: Blends directional and volatility signals with volume weighting.
• Gradient Meter Display: Color-coded table with a live pointer and center readout.
• Customizable Parameters: Lookback, smoothing, number of segments, and flip sensitivity.
• Momentum Pointer: Marks current intensity from bearish to bullish.
• Normalized Scale: Clamped output (±150%) for consistent reading across symbols.
• Toggleable Display: Show/hide the meter for a clean chart.
What It Displays
A normalized momentum readout with directional context, shown as a gradient meter plus arrows. This helps quickly assess shifts in pressure for scalping, day trading, or swing trading across stocks, forex, futures, or crypto.
Originality
The Pine v6 implementation uses TradingView’s built-in ta.ema and ta.sma for smoothing and baseline calculations.
Common Uses
• Monitoring short-term momentum changes.
• Visualizing intensity around key sessions.
• Adding a quick-glance pressure gauge to existing setups.
Configuration Notes
Set the lookback period (default 20), smoothing (default 5), and segments (default 21). The flip sensitivity is specified in normalized units (default 0.01 = 1%). Use the gradient meter and arrows to gauge momentum strength and direction.
Legal Disclaimer
This indicator is for informational and educational purposes only—not investment, financial, or trading advice. Past performance does not guarantee future results; trading involves risk. Provided “as is” with no warranties. Consult a qualified professional before making decisions.
Overview
The Volume Intensity Meter is a Pine Script v6 indicator for TradingView that measures market momentum and direction using a volume-weighted intensity metric. It renders a normalized percentage score in a compact table with a gradient meter and directional arrows indicating bullish, bearish, or neutral conditions. A hybrid formula balances direction and volatility, and users can tune sensitivity and display settings.
How It Works
The indicator builds a hybrid intensity score from:
• Volatility component: (high − low) × volume (30% weight)
• Directional component: (close − open) × volume (70% weight)
The raw score is smoothed with an EMA (default 5) and normalized by a baseline SMA (default 20) to produce a percentage metric, clamped between −150% and +150%. A gradient row (red → yellow → green) provides context, and a pointer highlights the current intensity. Directional arrows (▲ bullish, ▼ bearish, ⎯ neutral) switch based on a user sensitivity threshold of 1% by default (0.01 in normalized units).
Key Features
• Hybrid Intensity Calculation: Blends directional and volatility signals with volume weighting.
• Gradient Meter Display: Color-coded table with a live pointer and center readout.
• Customizable Parameters: Lookback, smoothing, number of segments, and flip sensitivity.
• Momentum Pointer: Marks current intensity from bearish to bullish.
• Normalized Scale: Clamped output (±150%) for consistent reading across symbols.
• Toggleable Display: Show/hide the meter for a clean chart.
What It Displays
A normalized momentum readout with directional context, shown as a gradient meter plus arrows. This helps quickly assess shifts in pressure for scalping, day trading, or swing trading across stocks, forex, futures, or crypto.
Originality
The Pine v6 implementation uses TradingView’s built-in ta.ema and ta.sma for smoothing and baseline calculations.
Common Uses
• Monitoring short-term momentum changes.
• Visualizing intensity around key sessions.
• Adding a quick-glance pressure gauge to existing setups.
Configuration Notes
Set the lookback period (default 20), smoothing (default 5), and segments (default 21). The flip sensitivity is specified in normalized units (default 0.01 = 1%). Use the gradient meter and arrows to gauge momentum strength and direction.
Legal Disclaimer
This indicator is for informational and educational purposes only—not investment, financial, or trading advice. Past performance does not guarantee future results; trading involves risk. Provided “as is” with no warranties. Consult a qualified professional before making decisions.
仅限邀请脚本
只有经作者批准的用户才能访问此脚本。您需要申请并获得使用权限。该权限通常在付款后授予。如需了解更多详情，请按照以下作者的说明操作，或直接联系TradingScriptSolutions。
除非您完全信任其作者并了解脚本的工作原理，否則TradingView不建议您付费或使用脚本。您还可以在我们的社区脚本中找到免费的开源替代方案。
作者的说明
To access this premium indicator, purchase at https://whop.com/tradingscript-solutions-llc/premium-volume-intensity-meter/ . Once you've bought access, you'll receive the invite link or code to add it to your TradingView account.
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。
仅限邀请脚本
只有经作者批准的用户才能访问此脚本。您需要申请并获得使用权限。该权限通常在付款后授予。如需了解更多详情，请按照以下作者的说明操作，或直接联系TradingScriptSolutions。
除非您完全信任其作者并了解脚本的工作原理，否則TradingView不建议您付费或使用脚本。您还可以在我们的社区脚本中找到免费的开源替代方案。
作者的说明
To access this premium indicator, purchase at https://whop.com/tradingscript-solutions-llc/premium-volume-intensity-meter/ . Once you've bought access, you'll receive the invite link or code to add it to your TradingView account.
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。