OPEN-SOURCE SCRIPT
Volume Z-Score [T2][T69]

🧠 Overview
This indicator calculates the Z-Score of volume to identify unusual trading activity, particularly those associated with whale-like behavior. It helps traders detect aggressive accumulation, distribution, or breakout setups based on volume anomalies relative to historical norms.
🔍 Features
🧪 Risk Level & Behavior Reference
🔥 Aggressive(10–14) - Fast signal, high sensitivity to volume spikes. Suitable for scalping or altcoin breakouts.
⚖️ Moderate(20–30) - Balanced filtering of noise vs real movement. Recommended for most swing traders.
🛡️ Conservative(40–60+) - Filters out noise. Reacts only to sustained large volume anomalies. Ideal for longer timeframes or large-cap coins.
⚙️ How to Use (NON DIRECTIONAL INDICATOR)
⚠️ Limitations
🧠 Advanced Tips
📝 Disclaimer
This indicator calculates the Z-Score of volume to identify unusual trading activity, particularly those associated with whale-like behavior. It helps traders detect aggressive accumulation, distribution, or breakout setups based on volume anomalies relative to historical norms.
🔍 Features
- Z-Score plot of volume using a configurable lookback.
- Dynamic bar coloring based on Z-Score magnitude.
- 🐋 Small Whale marker appears when Z-Score exceeds +3.
- Supports manual adjustment of sensitivity through lookback bars input.
🧪 Risk Level & Behavior Reference
🔥 Aggressive(10–14) - Fast signal, high sensitivity to volume spikes. Suitable for scalping or altcoin breakouts.
⚖️ Moderate(20–30) - Balanced filtering of noise vs real movement. Recommended for most swing traders.
🛡️ Conservative(40–60+) - Filters out noise. Reacts only to sustained large volume anomalies. Ideal for longer timeframes or large-cap coins.
⚙️ How to Use (NON DIRECTIONAL INDICATOR)
- Use the Z-Score to gauge the strength of volume relative to recent history.
- When Z-Score > 1.5 → Considered above-average activity.
- When Z-Score > 3 → Marks a 🐋 Small Whale Move, potential for high-volatility follow-through.
- Combine with price action, support/resistance, or OBV for confirmation.
⚠️ Limitations
- This is a statistical signal, not directional.
- Works best when paired with context: supply zones, trend bias, or large candle patterns.
🧠 Advanced Tips
- Use multiple risk settings (e.g., 14 vs 50) on stacked indicators to track retail vs whale behavior separately.
- Works well with low-float tokens and high-leverage exchange pairs like BTC/USDT (Bybit).
📝 Disclaimer
- This script is provided for educational and analytical purposes only. Do your own research and manage your risk responsibly.
開源腳本
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這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
開源腳本
本著TradingView的真正精神,此腳本的創建者將其開源,以便交易者可以查看和驗證其功能。向作者致敬!雖然您可以免費使用它,但請記住,重新發佈程式碼必須遵守我們的網站規則。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。