Clansi

Pre-Market Volume Profile

This indicator displays the pre-market volume (note: without the post-market of the previous day).
Unusual pre-market volume often indicates that institutional market makers are moving the market, which is a good sign for unusual high price movement.
The indicator helps me to spot stocks, if a pre-market gap is confirmed with enough (unusual) volume .

You can define, what "unusual" means by you, by adjusting the SMA length and the SMA multiplier.
The default is a length of 21 bars and a 2.5 multiplier, meaning I'm interested in a stock, if the pre-market volume exceeds the average pre-market volume by 2.5 times.
Versionshinweise: Added volume format, as suggested by Kerasi.
Open-source Skript

Ganz im Sinne von TradingView hat der Autor dieses Skripts es als Open-Source veröffentlicht, damit Trader es verstehen und überprüfen können. Ein Hoch auf den Autor! Sie können es kostenlos verwenden, aber die Wiederverwendung dieses Codes in einer Publikation unterliegt den Hausregeln. Sie können das Skript den Favoriten hinzufügen, um es auf dem Chart zu verwenden.

Möchten Sie dieses Skript auf einem Chart verwenden?

Kommentare

500 Coins
+1 Antworten
How to use this?? What should I actually do to use it
+5 Antworten
Clansi saurabh_009
@saurabh_009, as I wrote in the description, the indicator helps to select stocks which will probably move a lot on this day. The high pre-market volume shows that this stock is interesting today, because usually such high volume is generated by institutional market makers.
So this is not a buy / sell signal indicator. It just helps to pick the right stocks for intra-day trading.
You can use this together with pre-market / opening gaps. A gap with high pre-market volume is more reliable.
I'm using this to create my daily watch list and then I look for entry signals on these stocks.
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everget saurabh_009
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This publication will be featured in our "Best Scripts of The Month" selection. Thank you for your valuable contribution to the TradingView community, and congrats!
+2 Antworten
Clansi PineCoders
@PineCoders, 😎 thank you!
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