Volume Accumulation: Free TradingView Indicator (Pine Script)

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

50 lines of Pine Script v6 from volume/volume_accumulation.pine, published under GPL-3.0. Keep the author's credit and licence lines when you reuse it.

volume_accumulation.pine

//@version=6
// Copyright (c) 2020-present, Alex Orekhov (everget)
indicator('Volume Accumulation', format = format.volume)

accumulationType = input.string('Daily', title = 'Type', options = ['Minutely', 'Hourly', 'Session', 'Daily', 'Monthly', 'Quarterly', 'Yearly'])
sessionInput = input.session('0900-1530', title = 'Session (only for \'Session\' type)')
includeWeekends = input(true, title = 'Include Weekends')
var session = sessionInput + (includeWeekends ? ':1234567' : '')

applyBarColors = input(true, title = 'Apply Bar Colors')

//---

_inSession(res, sess) => not na(time(res, sess))

min = minute(time)
h = hour(time)
s = _inSession(timeframe.period, session) ? 1 : 0
d = dayofmonth(time)
m = month(time)
q = int(math.ceil(m / 3))
y = year(time)

int period = switch accumulationType
    'Minutely' => min
    'Hourly' => h
    'Session' => s
    'Daily' => d
    'Monthly' => m
    'Quarterly' => q
    'Yearly' => y
    => d

var acc = 0.0
acc := period != period[1] ? volume : nz(acc[1]) + volume

var accPrev = 0.0
accPrev := period != period[1] ? acc[1] : accPrev

accColor = acc > accPrev ? #92df8bff : #fe9695ff
plot(acc, title = 'Accumulation', style = plot.style_columns, color = accColor)
barcolor(applyBarColors ? accColor : na, title = 'Bar Color')

var periodChangeColor = color.new(#ffcc80, 60)
var noneColor = #ffffff00

bgcolor(period != period[1] ? periodChangeColor : noneColor, title = 'Separator')

higherAlert = acc > accPrev
alertcondition(higherAlert, title = 'Higher Accumulation', message = 'Higher Accumulation')

Overview

The bucket can be minutely, hourly, session, daily, monthly, quarterly, or yearly, and the total resets when that period changes. Columns are green when the current total exceeds the previous period’s finished total and red when it does not. Optional bar colors use the same comparison. A background mark shows period changes, and an alert fires when accumulation is higher than the prior period.

Running volume total by time bucket
Comparison with the prior period
Optional price bar coloring
Period-change background separator
Higher accumulation alert

Details

Published by

everget on GitHub

Type

Indicator, Pine Script v6

Draws

Separate pane below the chart

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.

File

volume/volume_accumulation.pine

Repository

github.com/everget/tradingview-pinescript-indicators. See its other scripts in the library

Topics

pinepinescripttechnical-indicatorsindicatorsoscillatorbandsaveragetradingviewindicatormoving-average

Settings

The inputs you can change from the gear icon on the chart. Defaults are the author's.

Setting	Type	Default	Variable
Type	`string`	`Daily`	`accumulationType`
Session (only for 'Session' type)	`session`	`0900-1530`	`sessionInput`
Include Weekends	`bool`	`true`	`includeWeekends`
Apply Bar Colors	`bool`	`true`	`applyBarColors`

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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