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 v6 · Own pane
VSA Wyckoff Volume
The VSA Wyckoff Volume indicator plots volume columns in a separate pane, color-coded by their relative intensity compared to a moving average of volume.
GitHub stars1on the repository
Pine versionv6current
Lines of code28
Settings7inputs
LicenceMIT
Last update7 weeks ago8 Sep 2026
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
28 lines of Pine Script v6 from backend/internal/pineruntime/sources/vsa.pine, published under MIT. Keep the author's credit and licence lines when you reuse it.
//@version=6
indicator(title = "VSA Wyckoff Volume", shorttitle = "VSA Wyckoff Volume", format = format.volume)
showMA = input.bool(defval = false, title = "Show Volume Moving Average")
lengthVolumeMA = input.int(defval = 20, title = "Length of MA applied on Volume", minval = 1)
ratioUltraVolume = input.float(defval = 2.2, title = "Ultra High Volume Ratio")
ratioVeryHighVolume = input.float(defval = 1.8, title = "Very High Volume Ratio")
ratioHighVolume = input.float(defval = 1.2, title = "High Volume Ratio")
ratioNormalVolume = input.float(defval = 0.8, title = "Normal Volume Ratio")
ratioLowVolume = input.float(defval = 0.4, title = "Low Volume Ratio")
float volumeMA = 0
volumeMA := nz(volumeMA[1]) + (volume - nz(volumeMA[1])) / lengthVolumeMA
ultraHighVolumeMin = volumeMA * ratioUltraVolume
veryHighVolumeMin = volumeMA * ratioVeryHighVolume
highVolumeMin = volumeMA * ratioHighVolume
normalVolumeMin = volumeMA * ratioNormalVolume
lowVolumeMin = volumeMA * ratioLowVolume
volUltraHigh = volume >= ultraHighVolumeMin
volVeryHigh = volume >= veryHighVolumeMin and volume < ultraHighVolumeMin
volHigh = volume >= highVolumeMin and volume < veryHighVolumeMin
volNormal = volume >= normalVolumeMin and volume < highVolumeMin
volLow = volume >= lowVolumeMin and volume < normalVolumeMin
palette = volUltraHigh ? color.purple : volVeryHigh ? color.red : volHigh ? color.orange : volNormal ? color.green : volLow ? color.blue : color.silver
plot(volume, "Volume", palette, 1, plot.style_columns)
plot(showMA ? volumeMA : na, "Volume MA", color.green, 2, plot.style_line)
Overview
VSA Wyckoff Volume categorizes volume into ultra high, very high, high, normal, and low levels based on configurable ratio multipliers. Users can optionally toggle an overlaid volume moving average line to visually filter volume spikes and evaluate market effort behind price action.
- Volume intensity color coding
- Categorized ultra high to low volume tiers
- Adjustable volume ratio multipliers
- Optional volume moving average plot
Details
Published by
DEVfancybear on GitHub
Type
Indicator, Pine Script v6
Draws
Separate pane below the chart
Category
Volume
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.
Topics
tradingviewalgorithmic-tradinggolangmarket-replaymetatrader5mt5nextjspostgresqlreactrisk-management
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Show Volume Moving Average | bool | false | showMA |
| Length of MA applied on Volume | int | 20 | lengthVolumeMA |
| Ultra High Volume Ratio | float | 2.2 | ratioUltraVolume |
| Very High Volume Ratio | float | 1.8 | ratioVeryHighVolume |
| High Volume Ratio | float | 1.2 | ratioHighVolume |
| Normal Volume Ratio | float | 0.8 | ratioNormalVolume |
| Low Volume Ratio | float | 0.4 | ratioLowVolume |
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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