Calculates an Elastic Volume Weighted Moving Average (EVWMA), incorporating trading volume to dynamically adjust moving average responsiveness over a specified lookback length. It plots directly on the price chart as a single moving average line. Optional colo
Indicator · Pine Script v5 · On the chart
HV Roll Multi Rare
A rolling high-volume event counter that marks clusters of rare volume peaks on the price chart.
GitHub stars1on the repository
Pine versionv5runs as is
Lines of code285
Settings40inputs
LicenceNone stated
Last update2 months ago20 Aug 2026
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
HV Roll Multi Rare tracks five rare tiers, from all-time high volume to 4000, 3000, 2000 and 1000 bar highs, across three lanes each, and signals when a set number of events occurs within a bar window, such as two within 1000 bars or three within 1500. Counts, windows and colours are adjustable per lane. It is one half of a paired study.
- Five rare volume tiers with three lanes each
- Event count within a bar window
- Adjustable counts, windows and colours
- Paired study member with alerts
Details
Published by
nishpa800 on GitHub
Type
Draws
On the price chart
Category
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 |
|---|---|---|---|
| Enable HEV 2x | bool | true | w1a_on |
| Count (events) | int | 2 | w1a_cnt |
| within Bars | int | 1000 | w1a_win |
| w1a_col | color | color.rgb(156, 39, 176) | w1a_col |
| Enable HEV 4x | bool | true | w1b_on |
| Count (events) | int | 2 | w1b_cnt |
| within Bars | int | 500 | w1b_win |
| w1b_col | color | color.rgb(201, 84, 221) | w1b_col |
| Enable HEV 3ev | bool | true | w1c_on |
| Count (events) | int | 3 | w1c_cnt |
| within Bars | int | 1500 | w1c_win |
| w1c_col | color | color.rgb(111, 0, 131) | w1c_col |
Show all 40 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Enable 4K+ 2x | bool | true | w2a_on |
| Count (events) | int | 2 | w2a_cnt |
| within Bars | int | 4000 | w2a_win |
| w2a_col | color | color.rgb(240, 45, 55) | w2a_col |
| Enable 4K+ 4x | bool | true | w2b_on |
| Count (events) | int | 2 | w2b_cnt |
| within Bars | int | 2000 | w2b_win |
| w2b_col | color | color.rgb(255, 90, 100) | w2b_col |
| Enable 4K+ 3ev | bool | true | w2c_on |
| Count (events) | int | 3 | w2c_cnt |
| within Bars | int | 5000 | w2c_win |
| w2c_col | color | color.rgb(195, 0, 10) | w2c_col |
| Enable 3K+ 2x | bool | true | w3a_on |
| Count (events) | int | 2 | w3a_cnt |
| within Bars | int | 3000 | w3a_win |
| w3a_col | color | color.rgb(224, 45, 71) | w3a_col |
| Enable 3K+ 4x | bool | true | w3b_on |
| Count (events) | int | 2 | w3b_cnt |
| within Bars | int | 1500 | w3b_win |
| w3b_col | color | color.rgb(255, 90, 116) | w3b_col |
| Enable 3K+ 3ev | bool | true | w3c_on |
| Count (events) | int | 3 | w3c_cnt |
| within Bars | int | 4500 | w3c_win |
| w3c_col | color | color.rgb(179, 0, 26) | w3c_col |
| Enable 2K+ 2x | bool | true | w4a_on |
| Count (events) | int | 2 | w4a_cnt |
| within Bars | int | 2000 | w4a_win |
| w4a_col | color | color.rgb(209, 45, 86) | w4a_col |
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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