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
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Overview
TJ Essentials - Daily Swing color-codes volume bars to identify institutional accumulation, distribution, climax volume, and volume dry-up conditions during volatility contraction patterns. The script features an on-screen HUD table that displays trend alignment across multiple moving averages, relative strength compared to a benchmark index like SPY, distance from 52-week highs, and overall market bias. Signal markers highlight volume bursts and dry-up setups. Inputs allow customization of moving average periods, volume thresholds, benchmark symbols, and HUD display options.
Volume bar color coding for accumulation and distribution
VCP squeeze and volume dry-up detection
Real-time HUD table tracking trend stack and relative strength
Signal markers for volume bursts and climax volume
Customizable benchmark comparison relative to index symbols
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
10 EMA
int
10
emaFastLen
20 EMA
int
20
emaMidLen
50 SMA
int
50
smaMidLen
200 SMA
int
200
smaLongLen
Volume Baseline Length
int
50
volLen
Dollar Volume Smoothing
int
10
dolVolSmooth
Institutional Volume Threshold
float
2.0
relVolHigh
Breakout Volume Threshold
float
1.25
relVolMed
Climax Volume Threshold
float
3.5
climaxVolThresh
Dry Up Volume Max
float
0.85
dryVolThresh
Narrow Range Lookback
int
10
narrowRangeLen
RS Benchmark
string
SPY
rsBenchmark
Show all 16 settings
Setting
Type
Default
Variable
RS Lookback (bars)
int
20
rsLen
Use Dollar Volume Blend
bool
true
useDollarVol
Show Signal Markers
bool
true
showSignals
Show HUD Table
bool
true
showTable
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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