This overlay indicator screens a pasted list of up to forty symbols and draws a table on the price chart. It classifies bullish or bearish setups from the percent change between the current candle and the candle 250 bars back, then shows RSI with a simple movi
Indicator · Pine Script v4 · On the chart
Relative Volume Screener Alerts
This indicator monitors the current chart symbol and up to twelve user-defined tickers for volume breakout signals.
GitHub stars2on the repository
Pine versionv4older, still runs
Lines of code52
Settings15inputs
LicenceNone statedfile: MPL-2.0
Last update3 years ago18 Sep 2023
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above, or the copy button on the code below.
- 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
52 lines of Pine Script v4 from RVOL_Alerts.pine, published under MPL-2.0 (file header). Keep the author's credit and licence lines when you reuse it.
// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// © VCPTraderen
//1. Enter in any ticker ID's from charts you wish to scan in the settings.
//2. Go to desired timeframe.
//3. Click add alert button at top toolbar.
//4. Select RVOL Screener Alerts indicator, input alert notification settings and/or change alert name and click create.
//The script will then scan the stocks and alert you of any entry points from the timeframe you set the alerts.
//A new alert needs to be created for each timeframe you wish to screen.
//@version=4
study("Relative Volume Screener Alerts", shorttitle="RVOL Screener Alerts",overlay = true)
lsmalength = input(50,"LSMA Breakout length:" )
lsma6 = input(true,"Find LSMA 6 entry points?")
lsma21 = input(true,"Find LSMA 21 entry points?")
f_triggerRvol(_ticker)=>
_x = crossover(linreg(volume,lsmalength,0),0)
_y = lsma21 ? crossover(linreg(volume,21,0),0) : na
_z = lsma6 ? crossover(linreg(volume,6,0),0) : na
[_co] = security(_ticker, timeframe.period, [_x,_y,_z])
_msg = _ticker + ", " + timeframe.period + ": "
if _co
_msg := _msg + "RVOL Entry Point"
alert(_msg, alert.freq_once_per_bar_close)
t1 = input('OMXSTO:HTRO', type=input.symbol, group = "Volume Entry Point Screener")
t2 = input('OMXSTO:BIOA_B', type=input.symbol, group = "Volume Entry Point Screener")
t3 = input('OMXHEX:KEMPOWR', type=input.symbol, group = "Volume Entry Point Screener")
t4 = input('OMXCOP:TRMD_A', type=input.symbol, group = "Volume Entry Point Screener")
t5 = input('EURONEXT:COOL', type=input.symbol, group = "Volume Entry Point Screener")
t6 = input('DSRT', type=input.symbol, group = "Volume Entry Point Screener")
t7 = input('OMXSTO:ORRON', type=input.symbol, group = "Volume Entry Point Screener")
t8 = input('OMXSTO:CAMX', type=input.symbol, group = "Volume Entry Point Screener")
t9 = input('EURONEXT:RECSI', type=input.symbol, group = "Volume Entry Point Screener")
t10 = input('EURONEXT:HAUTO', type=input.symbol, group = "Volume Entry Point Screener")
t11 = input('OMXSTO:EOLU_B', type=input.symbol, group = "Volume Entry Point Screener")
t12 = input('EURONEXT:NEL', type=input.symbol, group = "Volume Entry Point Screener")
f_triggerRvol(syminfo.tickerid)
f_triggerRvol(t1)
f_triggerRvol(t2)
f_triggerRvol(t3)
f_triggerRvol(t4)
f_triggerRvol(t5)
f_triggerRvol(t6)
f_triggerRvol(t7)
f_triggerRvol(t8)
f_triggerRvol(t9)
f_triggerRvol(t10)
f_triggerRvol(t11)
f_triggerRvol(t12)
Overview
Relative Volume Screener Alerts evaluates linear regression calculations on volume over configurable lengths, including periods of 6, 21, and a custom breakout setting. When an entry condition is met on a bar close, the script triggers a notification alert with the ticker and timeframe details. Although set as an overlay on the price chart, it generates alerts without plotting visual chart elements.
- Multi-symbol volume screening for up to 12 tickers
- Linear regression volume breakout detection
- Toggleable 6 and 21 period entry filters
- Customizable primary breakout lookback period
- Automated alerts triggered on bar close
Details
Published by
jvalen01 on GitHub
Code credit
VCPTraderen, as written in the script's header
Type
Indicator, Pine Script v4
Draws
On the price chart
Category
Volume, Screeners & dashboards
Markets
Stocks
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.
File
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| LSMA Breakout length: | int | 50 | lsmalength |
| Find LSMA 6 entry points? | bool | true | lsma6 |
| Find LSMA 21 entry points? | bool | true | lsma21 |
| t1 | symbol | OMXSTO:HTRO | t1 |
| t2 | symbol | OMXSTO:BIOA_B | t2 |
| t3 | symbol | OMXHEX:KEMPOWR | t3 |
| t4 | symbol | OMXCOP:TRMD_A | t4 |
| t5 | symbol | EURONEXT:COOL | t5 |
| t6 | symbol | DSRT | t6 |
| t7 | symbol | OMXSTO:ORRON | t7 |
| t8 | symbol | OMXSTO:CAMX | t8 |
| t9 | symbol | EURONEXT:RECSI | t9 |
Show all 15 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| t10 | symbol | EURONEXT:HAUTO | t10 |
| t11 | symbol | OMXSTO:EOLU_B | t11 |
| t12 | symbol | EURONEXT:NEL | t12 |
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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