OPEN-SOURCE SCRIPT

MMAP

Market Maker Aggression & Panic
Here's how it works:

Bollinger Bands: The script calculates and plots the Bollinger Bands, which helps you identify potential aggressive buying or panic selling when the price breaks above or below the bands.

Volume Analysis: It checks for volume spikes compared to the average volume over a specified period. If the volume exceeds a defined threshold, the background color changes to orange, indicating a potential market maker reaction.

Alerts: Alerts are set for volume spikes, aggressive buying (when the price breaks above the upper Bollinger Band), and panic selling (when it drops below the lower Bollinger Band).
Feel free to customize the parameters to fit your trading style!