Hourly High Volume Detector

vor 3 Tagen

Type: Multi-Timeframe Volume Spike Scanner

This script detects high-volume hourly candles inside each daily bar to highlight potential institutional activity or hidden accumulation days.
It automatically scans the last N days (configurable lookback) and plots a purple dot below daily candles where at least one hourly candle shows:

Volume significantly higher than the hourly average (Volume Multiplier × Avg Hourly Volume)

Positive price movement exceeding the minimum % threshold

🧠 Trend Filter

A built-in 5-day trend check ensures signals are shown only during non-downtrending phases, filtering out noise when the broader trend is weak.

⚙️ Parameters

Lookback Days: How many recent daily bars to scan.

Volume Multiplier: Defines what counts as a high-volume spike.

Min Price Change %: Minimum % gain within the hourly candle to qualify.

Debug Mode: Enables small green/orange markers for internal logic visualization.

🟣 Signals

Purple Dot (Below Candle): Strong hourly accumulation signal within the day.

(Debug) Green Dot: Hourly condition passed.

(Debug) Orange Triangle: Signal suppressed due to downtrend filter.

⚠️ Notes

Must be used on the Daily timeframe (will warn if not).

Ideal for spotting smart money accumulation, pre-breakout setups, or volume-price anomalies hidden in intraday structure.

vor 3 Tagen

Versionshinweise

In this script - I have added High low lines where the hourly volume has increase by volume this lets us know the order block at what price the institutions are interested

gestern

Versionshinweise

Improved : added manual volume, provided label toggle option

gestern

Versionshinweise

I've updated the code with:

New "Use Trend Filter" toggle - Turn this OFF to see if trend is blocking your signal
Enhanced debug mode - Now shows exactly what's happening:

Current trend status
Maximum volume found vs threshold needed
Maximum % change found vs minimum required
Whether signal was found



To diagnose your issue:

Turn ON "Debug Mode" in settings
Look at today's bar - you'll see a blue label with all the stats
Check if:

Max Volume > Vol Threshold? (if not, lower your multiplier)
Max % Change > Min Required? (if not, lower min price change %)
Trend Up = false? (if so, turn off "Use Trend Filter")