Calculates the standard Money Flow Index (MFI) oscillator alongside an exponential moving average signal line in a separate pane. The script visually highlights trend conditions through dynamic ribbon filling, optional difference histogram bars, and overbought
Indicator · Pine Script v5 · Own pane
Time-Segmented RVOL [Coherent Tiers]
This indicator calculates relative volume (RVOL) by comparing the current bar volume against historical volume for the exact same minute of the day over a set lookback period.
GitHub stars7on the repository
Pine versionv5runs as is
Lines of code48
Settings8inputs
LicenceNone stated
Last update3 months ago24 Jul 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
Time-Segmented RVOL [Coherent Tiers] stores intraday time-slot data to compute a baseline historical average. The resulting relative volume is plotted as histogram columns in a separate pane, categorized into color-coded threshold tiers to highlight normal, high, or extreme volume spikes. It also includes a top-right dashboard display.
- Intraday minute-level time-slot averaging
- Multi-tier color thresholds for RVOL levels
- Real-time RVOL dashboard table display
- Customizable lookback days window
Details
Published by
eddiebelaval on GitHub
Type
Indicator, Pine Script v5
Draws
Separate pane below the chart
Category
Volume
Markets
Any symbol
Timeframes
M1-M5, M15-H1
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 |
|---|---|---|---|
| Lookback (Days) | int | 20 | lookbackDays |
| Green (Building) Threshold | float | 1.5 | midThreshold |
| Yellow (High) Threshold | float | 3.0 | highThreshold |
| Pink (Super) Threshold | float | 5.0 | superThreshold |
| Below 1.0 (Blue) | color | color.new(#2196f3, 30) | colorCold |
| Normal/Building (Green) | color | color.new(#00e676, 30) | colorNormal |
| High/Caution (Yellow) | color | color.new(#ffd740, 30) | colorHigh |
| Super High (Pink) | color | color.new(#ff00ff, 10) | colorSuper |
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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