Bubbles Volume

Bubbles Volume Indicator
Overview
The Bubbles Volume Indicator is an advanced volume visualization tool that transforms traditional volume analysis into an intuitive, visual experience. By representing volume as dynamically-sized bubbles directly on your price chart, this indicator helps traders quickly identify significant volume events, potential support/resistance levels, and shifts in market sentiment.
Key Features
🔵 Visual Volume Representation

Displays volume as circular bubbles at the midpoint of each candle
Bubble size scales proportionally to volume significance
Instant visual identification of unusual volume activity
Clean, uncluttered chart presentation

📊 Dual Volume Modes

Total Volume Mode: Displays complete trading volume for each bar
Volume Delta Mode: Shows the difference between buying and selling pressure, helping identify market direction and strength

🎨 Advanced Coloring Systems

Simple Mode: Clear green/red coloring for buy/sell pressure
HeatMap Mode: Gradient coloring that intensifies with volume strength, providing instant visual feedback on volume intensity

📍 Significant Level Detection

Automatically identifies and marks price levels with exceptional volume
These levels often act as future support or resistance zones
Historical volume levels remain visible for reference

How to Use
For Day Traders

Identify volume climaxes that may signal reversals
Spot accumulation/distribution patterns through Volume Delta
Confirm breakouts with significant volume bubbles

For Swing Traders

Mark important support/resistance levels based on historical high-volume areas
Identify institutional activity through unusual volume patterns
Validate trend strength using volume confirmation

For Scalpers

Quick visual identification of liquidity pockets
Real-time volume delta for order flow analysis
Filter out low-volume noise with minimum contract settings

Parameter Settings
Volume Settings
Volume Type

Total Volume: Shows all traded volume for each bar - ideal for general volume analysis
Volume Delta: Displays the difference between buying and selling pressure - perfect for order flow analysis

Minimum Contracts

Filters out bubbles below a specified volume threshold
Set to 0 to disable filtering
Helps remove noise during low-volume periods
For Volume Delta: Filters based on absolute delta value

Bubble Display
Show Bubbles

Toggle the visibility of volume bubbles on/off
Bubbles appear at the middle price point (HL2) of each bar

Threshold

Statistical threshold measured in standard deviations
Controls sensitivity of volume significance detection:

1.0 = Shows top ~32% of volumes (more bubbles, common events)
2.0 = Shows top ~5% of volumes (significant events)
3.0 = Shows top ~0.3% of volumes (rare, extreme events)


Higher values display only the most significant volume spikes

HeatMap

OFF: Simple coloring scheme (green for buying, red for selling in Delta mode)
ON: Gradient coloring that intensifies with volume strength
Provides additional visual dimension to volume analysis

Volume Levels
Significant Levels

Draws horizontal lines at price levels where extreme volume occurred
Volume must exceed 3x the threshold setting to qualify
These levels often become important support/resistance zones

Levels Qty

Maximum number of significant volume level lines to display
Older lines are automatically removed when limit is exceeded
Keeps chart clean while maintaining relevant historical levels

Visual Indicators
Bubble Sizes (in order of significance)

Tiny: Minimal volume above baseline
Small: Low significant volume
Normal: Moderate volume activity
Medium: Above-average volume
Large: High volume activity
Huge: Exceptional volume
Labeled: Extreme volume with numeric display

Color Coding

Green: Buying pressure (in Volume Delta mode) or rising prices
Red: Selling pressure (in Volume Delta mode) or falling prices
Gradient Intensity: Stronger colors indicate higher relative volume

Information Display
The indicator includes a real-time information table showing:

Current operating mode (Total Volume or Volume Delta)
Live delta values with directional arrows (in Volume Delta mode)
Active minimum contracts filter setting

Best Practices

Start with default settings to familiarize yourself with the indicator
Adjust threshold based on your trading timeframe (lower for scalping, higher for position trading)
Use Volume Delta mode when analyzing order flow and market sentiment
Enable Significant Levels for swing trading to identify key support/resistance
Apply Minimum Contracts filter to reduce noise in low-volume markets

Technical Notes

The indicator requires volume data to function (not available on all symbols)
Volume Delta calculations use intrabar data for enhanced accuracy
Historical significant levels are preserved for technical analysis
Optimized for both light and dark chart themes

Trading Applications

Breakout Confirmation: Large bubbles during breakouts confirm strength
Reversal Detection: Extreme volume at tops/bottoms may signal reversals
Trend Analysis: Increasing bubble sizes confirm trend strength
Support/Resistance: High-volume levels often become future pivots
Order Flow: Volume Delta reveals real-time buying/selling pressure