OPEN-SOURCE SCRIPT
7M Levels
💎 Key Feature: "Relative Volume at Time"
Most RelVol indicators compare current volume to the full day's average, which is misleading during Pre-Market or After-Hours. 7M Levels uses a sophisticated "At Time" logic: It compares the current 5-minute volume to the historical average of that exact same time of day over the last 30 days.
Example: If a stock trades 50k shares at 8:00 AM, the script checks if that is normal for 8:00 AM. If the average is 5k, your RelVol is 10x—signaling a massive institutional move before the bell rings.
🛠️ Built-in Features
Live Scoring Engine: A fully customizable scoring system (default Pass: 7/10). The dashboard changes color based on your specific criteria, acting as a visual "Go/No-Go" signal.
Gap & Change Analysis: Tracks price action specifically since the 4:00 AM EST Pre-Market open.
Fundamental Snapshot: Instant access to Float (Mio), Industry, and Country without leaving the chart.
Technical Suite: Real-time monitoring of VWAP relation, MACD crossovers, RSI levels, and VWMA trends.
Smart Alerts: Integrated alerts with a built-in Cooldown Timer to prevent notification spam during volatile moves.
📊 How to use the Dashboard
Grey Rows: Basic information and reference data.
Green/Red Rows: Parameters that are currently passing or failing your custom "Momentum Score" settings.
Total Score: The bottom line. If it turns Emerald Green, the stock meets all your momentum requirements for a potential trade.
⚙️ Optimization
This script is optimized with a max_bars_back buffer of 5000 to ensure deep historical volume analysis remains stable even on ultra-fast timeframes like the 10-second or 1-minute chart.
Safe Trading! Disclaimer: This tool is for informational purposes only and does not constitute financial advice.
Most RelVol indicators compare current volume to the full day's average, which is misleading during Pre-Market or After-Hours. 7M Levels uses a sophisticated "At Time" logic: It compares the current 5-minute volume to the historical average of that exact same time of day over the last 30 days.
Example: If a stock trades 50k shares at 8:00 AM, the script checks if that is normal for 8:00 AM. If the average is 5k, your RelVol is 10x—signaling a massive institutional move before the bell rings.
🛠️ Built-in Features
Live Scoring Engine: A fully customizable scoring system (default Pass: 7/10). The dashboard changes color based on your specific criteria, acting as a visual "Go/No-Go" signal.
Gap & Change Analysis: Tracks price action specifically since the 4:00 AM EST Pre-Market open.
Fundamental Snapshot: Instant access to Float (Mio), Industry, and Country without leaving the chart.
Technical Suite: Real-time monitoring of VWAP relation, MACD crossovers, RSI levels, and VWMA trends.
Smart Alerts: Integrated alerts with a built-in Cooldown Timer to prevent notification spam during volatile moves.
📊 How to use the Dashboard
Grey Rows: Basic information and reference data.
Green/Red Rows: Parameters that are currently passing or failing your custom "Momentum Score" settings.
Total Score: The bottom line. If it turns Emerald Green, the stock meets all your momentum requirements for a potential trade.
⚙️ Optimization
This script is optimized with a max_bars_back buffer of 5000 to ensure deep historical volume analysis remains stable even on ultra-fast timeframes like the 10-second or 1-minute chart.
Safe Trading! Disclaimer: This tool is for informational purposes only and does not constitute financial advice.
Open-source Skript
Ganz im Sinne von TradingView hat dieser Autor sein/ihr Script als Open-Source veröffentlicht. Auf diese Weise können nun auch andere Trader das Script rezensieren und die Funktionalität überprüfen. Vielen Dank an den Autor! Sie können das Script kostenlos verwenden, aber eine Wiederveröffentlichung des Codes unterliegt unseren Hausregeln.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
Open-source Skript
Ganz im Sinne von TradingView hat dieser Autor sein/ihr Script als Open-Source veröffentlicht. Auf diese Weise können nun auch andere Trader das Script rezensieren und die Funktionalität überprüfen. Vielen Dank an den Autor! Sie können das Script kostenlos verwenden, aber eine Wiederveröffentlichung des Codes unterliegt unseren Hausregeln.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.