Market Pressure Scale plots two oscillator curves in a separate pane. Setup pressure combines ATR and Bollinger compression, support and resistance proximity, and drying volume. Impulse pressure combines range expansion, volume, and candle body size. A range-c
Indicator · Pine Script v6 · Own pane
Volume Value V6
An indicator in a separate pane that analyses traded value, volume times the mid price, with percentile levels over a settable number of bars, including a 99th percentile, the maximum and a median-style level that can be ignored.
Repaints
GitHub stars1on the repository
Pine versionv6current
Lines of code206
Settings17inputs
LicenceNone stated
Last update1 year ago1 Mar 2025
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
Volume Value V6 also tracks cumulative value over a few bars and over a higher timeframe bar, and shows a daily anchored VWAP. Toggles show or hide each element, with an invert-all switch and background highlights. It uses lookahead data and updates live.
- Percentile levels of traded value
- Cumulative value over bars and a higher timeframe
- Daily anchored VWAP
- Toggles with an invert-all switch and highlights
Details
Published by
ivansoft on GitHub
Type
Draws
Separate pane below the chart
Category
Markets
Any symbol
Timeframes
M15-H1
Risk Notes
- Signals can change on the live bar or after it closes (repainting)
- Reads higher-timeframe data with lookahead on, so the history can show signals that were not there in real time
Topics
pinescripttradingvew
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Percentile Bars | int | 2000 | inputBarsPercentile |
| % | float | 99.5 | inputPercentileP99 |
| VWAP | string | D | inputVwapAnchor |
| Cumulative Bars | int | 5 | inputBarsCumulative |
| % | float | 99 | inputPercentileCumulative |
| HTF Cumulative Bars | int | 1 | inputBarsCumulativeH |
| TF | string | 15 | inputPeriodCumulativeH |
| Ignore Level P50 | float | 97 | inputPercentile50 |
| Invert On/Off All Inputs | bool | false | inputDefaultAllInvert |
| Levels | bool | true | _inputShowValueLevels |
| P99 | bool | true | _inputShowValueLevelP99 |
| P100 | bool | true | _inputShowValueLevelP100 |
Show all 17 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| P50 | bool | true | _inputShowValueLevelP50 |
| Cumulative | bool | true | _inputShowCumulative |
| Volume | bool | true | _inputShowCumulativeVolume |
| P99 | bool | true | _inputShowCumulativeLevelP99 |
| Background Highlights | bool | true | _inputShowColoredBackground |
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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