Volumetric Order Flow Structure [LuxAlgo]

The Volumetric Order Flow Structure indicator is a comprehensive technical analysis tool designed to visualize market structure through the lens of volumetric distribution and institutional order flow.

🔶 USAGE

Traders can use this tool to identify institutional supply and demand zones backed by high-volume nodes. The glowing structure bars provide immediate feedback on breakout conviction, while the manipulation bubbles highlight areas where institutional players may be trapping retail traders before a reversal.

The indicator is particularly useful for identifying:

• High-conviction breakouts versus low-volume "fakeouts."
  
• Precise price levels within a zone where the most volume was transacted (POC).
  
• Liquidity raids that suggest a potential reversal or trend continuation.
  

🔹 Volumetric Market Structure

The script automatically detects Change of Character (CHoCH) and Break of Structure (BOS). Breakout levels are represented by glowing "Volumetric Bars" that fill horizontally based on the breakout bar's volume delta, representing the internal buying or selling pressure of the move.

🔹 Stepped Volume Profiles

Active Order Blocks feature a 15-row horizontal histogram. The script calculates the volume distribution within the pivot candle, highlighting the Point of Control (POC) in orange to identify the most significant price node within the supply or demand zone.

🔹 Manipulation Bubbles

This feature identifies liquidity raids where price wicks beyond a zone but fails to close through it. These events are marked with circular "bubbles" sized dynamically by volume, featuring external volume data labels for precise analysis of institutional activity.

🔶 DETAILS

The script employs a dynamic zone management system where zones extend across the screen until the price closes beyond them. An advanced 'Hide Overlapping' filter ensures that if multiple zones occur in the same price range, only the most relevant (highest volume) block is displayed to maintain chart clarity.

Additionally, the indicator utilizes ATR-based scaling to ensure visual thickness and label sizes are perfectly proportional across all assets, ensuring a consistent experience whether trading Forex, Stocks, or high-priced Cryptocurrencies.

🔶 SETTINGS

🔹 Detection

• Pivot Length: Sets the lookback period for detecting high and low pivots used for structure.
  
• Volume Lookback: The window used to calculate relative volume for scaling and sensitivity.
  

🔹 Visuals

• Max Recent Blocks: The maximum number of active supply/demand zones to display on the chart.
  
• Base Transparency: Controls the overall opacity of the volumetric zones.
  
• Hide Overlapping Blocks: When enabled, the script removes smaller/lower volume blocks that reside within the price range of a more significant block.
  

🔹 Manipulation

• Show Manipulation Bubbles: Toggles the visibility of liquidity raid markers.
  
• Size Sensitivity: Adjusts how aggressively the bubble sizes react to volume spikes.