The Momentum Setup is a multi-indicator visual tool designed for trend and momentum analysis directly on the price chart. It combines Relative Strength Index (RSI), Money Flow Index (MFI), Commodity Channel Index (CCI), Supertrend, and a 250-bar percentage cha
Indicator · Pine Script v4 · On the chart
BB Volume
A Pine v4 indicator that plots volume multiplied by VWAP as columns, coloured by where the bar midpoint sits against Bollinger Bands on price.
GitHub stars1on the repository
Pine versionv4older, still runs
Lines of code23
Settings4inputs
LicenceNone stated
Last update3 years ago19 Mar 2023
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
- 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
- 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
Source Code
The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.
Overview
Blue columns mean the midpoint is between the middle and upper band, red between the middle and lower band, and a pale colour otherwise. An optional moving average of the same series is drawn in green. Length, source and band multiplier are adjustable.
- Volume-weighted columns
- Colour by Bollinger Band position
- Optional moving average of volume
- Adjustable length and multiplier
Details
Published by
nvFede on GitHub
Type
Indicator, Pine Script v4
Draws
On the price chart
Category
Volume, Volatility & bands
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| length | int | 21 | length |
| Source | source | close | src |
| mult | float | 2.0 | mult |
| Show MA ? | bool | true | showMA |
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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