This overlay indicator draws a fixed-range volume profile on the price chart, splitting traded activity into up and down volume at each price level. It also plots a sentiment profile, a developing point of control, and value-area high and low around a configur
Indicator · Pine Script v6 · On the chart
Dynamic Volume Clusters with Retest Signals
This Pine Script indicator plots dynamic volume clusters directly on the price chart to identify potential support and resistance zones.
GitHub stars2on the repository
Pine versionv6current
Lines of code221
Settings20inputs
LicenceNone stated
Last update1 year ago26 Jul 2025
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
Dynamic Volume Clusters with Retest Signals calculates price clusters using a configurable lookback period and zone width percentage, then draws color-coded bullish and bearish cluster lines. The script also provides optional retest signals when price returns to these zones, based on minimum and maximum bars between signals. Main settings control range lookback, cluster formation strength, minimum touches required, color schemes for clusters and signals, and line thickness. It draws on the main price chart overlay and requires no separate pane.
- dynamic volume clusters
- retest signals
- price cluster zones
- volume based levels
- bullish bearish coloring
Details
Published by
iceberg211 on GitHub
Code credit
Zeiierman {, as written in the script's header
Type
Indicator, Pine Script v6
Draws
On the price chart
Category
Volume, Support & resistance
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 |
|---|---|---|---|
| Range Lookback Period | int | 500 | len |
| Zone Width (% of Range) | float | 1.5 | zoneP |
| red_1 | color | color.maroon | red_1 |
| red_2 | color | #FF0000 | red_2 |
| green_1 | color | color.green | green_1 |
| green_2 | color | #09ff00 | green_2 |
| Width | int | 2 | width |
| Retest Signals | bool | true | retest_signals |
| Minimum Bars to initite a Retest | int | 10 | min_bars_between_signals |
| Maximum Bars Between Retests | int | 200 | max_bars_between_signals |
| retest_col_1 | color | color.lime | retest_col_1 |
| retest_col_2 | color | color.red | retest_col_2 |
Show all 20 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Price Cluster Period | int | 500 | max_length |
| Cluster Confirmation | float | 0.01 | filterStrength |
| Price Cluster Start | int | 2 | price_cluster_start |
| Price Cluster Peak | int | 100 | price_cluster_peak |
| bullish_cluster_1 | color | color.lime | bullish_cluster_1 |
| bullish_cluster_2 | color | #14e4ff | bullish_cluster_2 |
| bearish_cluster_1 | color | color.red | bearish_cluster_1 |
| bearish_cluster_2 | color | #14e4ff | bearish_cluster_2 |
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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