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High volume bar by Vibie
HIGH VOLUME BAR with Extended vPOC (Aggregation Enabled)
What it does
This indicator highlights candles with unusually high trading volume (detected using a Z-Score) and marks the Volume Point of Control (vPOC) within those candles. It can also combine volume data from multiple exchanges (Binance, Bybit, Coinbase) for a more accurate view of market activity.
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How it works
1. Z-Score Detection
• Measures how far current volume is from its average using standard deviations (Z-Score).
• If Z-Score > threshold, the candle is flagged as a High Volume Bar.
2. Aggregation Across Exchanges (optional)
• Volume data from Binance, Bybit, and Coinbase can be averaged.
• Helps reduce distortions from individual exchanges.
3. High Volume Candle Coloring
• Bullish high volume bar → colored blue (entire candle including wicks).
• Bearish high volume bar → colored red.
4. vPOC Calculation
• Drills into a lower timeframe (e.g., 1m) inside the high-volume bar.
• Finds the price with the highest traded volume (the intrabar “Volume Point of Control”).
• Draws a horizontal line at this price, extending for a set number of bars.
• This vPOC often acts as a short-term support/resistance.
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Why it’s useful
• Helps spot institutional footprints or sudden large trades.
• Shows the exact price level where liquidity concentrated during a big bar.
• Identifies potential decision levels for re-tests, reversals, or breakouts.
What it does
This indicator highlights candles with unusually high trading volume (detected using a Z-Score) and marks the Volume Point of Control (vPOC) within those candles. It can also combine volume data from multiple exchanges (Binance, Bybit, Coinbase) for a more accurate view of market activity.
⸻
How it works
1. Z-Score Detection
• Measures how far current volume is from its average using standard deviations (Z-Score).
• If Z-Score > threshold, the candle is flagged as a High Volume Bar.
2. Aggregation Across Exchanges (optional)
• Volume data from Binance, Bybit, and Coinbase can be averaged.
• Helps reduce distortions from individual exchanges.
3. High Volume Candle Coloring
• Bullish high volume bar → colored blue (entire candle including wicks).
• Bearish high volume bar → colored red.
4. vPOC Calculation
• Drills into a lower timeframe (e.g., 1m) inside the high-volume bar.
• Finds the price with the highest traded volume (the intrabar “Volume Point of Control”).
• Draws a horizontal line at this price, extending for a set number of bars.
• This vPOC often acts as a short-term support/resistance.
⸻
Why it’s useful
• Helps spot institutional footprints or sudden large trades.
• Shows the exact price level where liquidity concentrated during a big bar.
• Identifies potential decision levels for re-tests, reversals, or breakouts.
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