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
Nova Volume - Multi-Horizon Anomaly Engine
Scores each bar's volume against several windows, from 50 bars up to 5000 bars, using a robust median-based scale instead of mean and deviation.
GitHub stars1on the repository
Pine versionv5runs as is
Lines of code256
Settings38inputs
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
Nova Volume - Multi-Horizon Anomaly Engine marks sigma tiers, multiple-of-median tiers, and month, quarter and year percentile extremes, plus sleeper bars that are extreme but not all-time highs. An optional dollar-volume track is included. It uses bar-count windows, so it suits tick charts, and draws on the price chart.
- Robust sigma volume tiers
- Multiple-of-median volume tiers
- Month, quarter and year percentile extremes
- Optional dollar-volume track
Details
Published by
nishpa800 on GitHub
Type
Indicator, Pine Script v5
Draws
On the price chart
Category
Volume
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 |
|---|---|---|---|
| Micro window (intraday burst) | int | 50 | W_micro |
| Short window (~day/week) | int | 390 | W_short |
| Month window | int | 1560 | W_month |
| Quarter window (baseline) | int | 4000 | W_quarter |
| Year window (TV cap 5000) | int | 5000 | W_year |
| NOVA σ3 (≥3 robust σ) | bool | true | show_z3 |
| NOVA σ5 (≥5 robust σ) | bool | true | show_z5 |
| NOVA σ8 (≥8 robust σ) | bool | true | show_z8 |
| NOVA σ12 (≥12 robust σ) | bool | true | show_z12 |
| σ3 threshold (robust σ) | float | 4 | z3_t |
| σ5 threshold (robust σ) | float | 6 | z5_t |
| σ8 threshold (robust σ) | float | 10 | z8_t |
Show all 38 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| σ12 threshold (robust σ) | float | 16 | z12_t |
| X2 tier on | bool | true | show_x2 |
| X4 tier on | bool | true | show_x4 |
| X8 tier on | bool | true | show_x8 |
| X16 tier on | bool | true | show_x16 |
| X2 threshold (× median) | float | 3 | x2_t |
| X4 threshold (× median) | float | 6 | x4_t |
| X8 threshold (× median) | float | 12 | x8_t |
| X16 threshold (× median) | float | 24 | x16_t |
| MONTH-EXTREME (≥ pct in month) | bool | true | show_mo |
| QUARTER-EXTREME (≥ pct in quarter) | bool | true | show_qtr |
| YEAR-EXTREME (≥ pct in year) | bool | true | show_yr |
| SLEEPER (year-extreme but NOT all-time) | bool | true | show_slp |
| Month pct threshold | float | 99.5 | mo_pct |
| Quarter pct threshold | float | 99.8 | qtr_pct |
| Year pct threshold | float | 99.95 | yr_pct |
| NOVA-ATH (own all-time high vol) | bool | true | show_ath |
| Enable Dollar-Volume track | bool | true | use_dv |
| DV-EXTREME (dollar-vol anomaly) | bool | true | show_dv |
| DV σ threshold | float | 10 | dv_z_t |
| DV pct threshold | float | 99.8 | dv_pct |
| STREAK2 (2 NOVA fires in a row) | bool | true | show_s2 |
| STREAK3 (3 NOVA fires in a row) | bool | true | show_s3 |
| STREAK ROLLING (≥N fires within window) | bool | true | show_sr |
| Rolling window (bars) | int | 7 | streak_win |
| Rolling min fires | int | 3 | streak_roll_min |
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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