INVITE-ONLY SCRIPT
已更新 VIV 1.0 // AN IDEA BY Sunil Sethi

VIV (Very Important Volume) is a custom-built TradingView indicator designed to decode the psychology behind price and volume behavior — whether you are a breakout trader, reversal trader, or use your own discretionary logic. VIV reveals where institutional activity is likely taking place, highlights trend stages, uncovers volume footprints, and identifies high-probability trading zones — all with zero lag & 100% price-action-based logic.
Key Features (Expanded Concepts)
01. Trend-Based Analysis with Stages and Background Colors
VIV breaks down the market into three color-coded stages based on trend confirmation:

Stage 3: Uptrend (Short-Term Trend Confirmation)
Stage 2: Uptrend (Medium-Term Trend Confirmation)
Stage 1: Uptrend (Long-Term Trend Confirmation)
These trend stages reflect the emotional phases of market participants and the shifting balance of power between buyers and sellers. You can toggle trend backgrounds for intraday, daily, weekly, and monthly trends and change their background colors.
Note : If the % difference in Stage 3 exceeds 10%, the stock is considered extended. Such setups should be evaluated with caution before making any trade decisions.
02. . Volume Footprints (➕ Signs)
VIV intelligently identifies past candles with high-volume activity (accumulation/distribution).

03. VIV || H, VIV || L and VIV || C Zones
Automatically plots horizontal levels from high-volume, high-activity candles—revealing the footprints of smart money.

These zones show where price historically reacted due to strong institutional presence. They come with customizable label colors and backgrounds.
04. Price Tightness Detection
Detects when two or more candles compress within the range of a larger parent candle.

Represents indecision, contraction, or coiling behavior before major price moves.
Ideal for both:
Color-coded markers indicate such tight price zones — disabled by default but can be enabled.
05. Technical Stats Panel (Important Data Table)

An insightful dashboard providing:
Trend Data:
Relative Strength vs Benchmark
06. Relative Strength Grade Change Alerts
VIV tracks relative strength changes against a chosen benchmark (e.g., Nifty MidSmallCap).
The above tells us that if the stock is stronger or weaker than the benchmark.

Detects when relative strength shifts from:
These alerts can help in:
07. Smart Alerts (Built-in Conditions)

You can set alerts for (any timeframe)
Set your preferred interval and trigger type in TradingView to stay updated without chart-watching.
08. Pivot Points
VIV allows visualizing pivot highs and lows using a dynamic window (left/right lookback).

09. Customization Options
Toggle modules like trend background, labels, stats, and volume zones.
Customize colors for:
How to Use VIV Effectively
Best Suited For:
Key Features (Expanded Concepts)
01. Trend-Based Analysis with Stages and Background Colors
VIV breaks down the market into three color-coded stages based on trend confirmation:
Stage 3: Uptrend (Short-Term Trend Confirmation)
- Marks early accumulation or consolidation.
- Shows possible reversal zones.
- Short-term traders use this to spot opportunities before a breakout.
Stage 2: Uptrend (Medium-Term Trend Confirmation)
- Highlights the start of a strong directional move.
- Confidence zone for position building and breakout-following strategies.
Stage 1: Uptrend (Long-Term Trend Confirmation)
- Indicates long term strength.
These trend stages reflect the emotional phases of market participants and the shifting balance of power between buyers and sellers. You can toggle trend backgrounds for intraday, daily, weekly, and monthly trends and change their background colors.
Note : If the % difference in Stage 3 exceeds 10%, the stock is considered extended. Such setups should be evaluated with caution before making any trade decisions.
02. . Volume Footprints (➕ Signs)
VIV intelligently identifies past candles with high-volume activity (accumulation/distribution).
- These are not typical breakout volumes, but subtle footprints of smart money.
- Help spot reversal points, liquidity zones, and retest levels.
- Valuable for both breakout and reversal traders to confirm zone strength.
- You can enable or disable these lines, adjust color, style, and width via VIV Line Settings.
03. VIV || H, VIV || L and VIV || C Zones
Automatically plots horizontal levels from high-volume, high-activity candles—revealing the footprints of smart money.
- VIV || H (High) = Top of important bar.
- VIV || L (Low) = Bottom of important bar.
- VIV || C (Close) = Close price of important bar.
- Key levels used by traders for:
- Entries
- Stop-loss placement
- Targets
These zones show where price historically reacted due to strong institutional presence. They come with customizable label colors and backgrounds.
04. Price Tightness Detection
Detects when two or more candles compress within the range of a larger parent candle.
Represents indecision, contraction, or coiling behavior before major price moves.
Ideal for both:
- Breakout traders looking for base formations.
- Reversal traders watching for exhaustion.
Color-coded markers indicate such tight price zones — disabled by default but can be enabled.
05. Technical Stats Panel (Important Data Table)
An insightful dashboard providing:
- ADR% – Volatility-based movement expectations (change period via input).
- ATR – Real volatility indicator.
- Average Volume / Price Volume – Customizable average period and currency unit (INR/USD).
Trend Data:
- 10/20/200 SMAs
- 10-week & 20-week trend stages (custom SMA period/timeframe supported)
Relative Strength vs Benchmark
- RS grade: GREAT, GOOD, FAIR, UNCERTAIN, UNDER PERFORMER, LAGGARD, POOR
- When RS is comparing: BOTH STRONG, BOTH WEEK
- You can also display the benchmark symbol name and change the symbol for relative strength comparison.
06. Relative Strength Grade Change Alerts
VIV tracks relative strength changes against a chosen benchmark (e.g., Nifty MidSmallCap).
The above tells us that if the stock is stronger or weaker than the benchmark.
Detects when relative strength shifts from:
- Strong → Weak (e.g., EXCELLENT → GOOD → FAIR)
- Weak → Strong (e.g., LAGGARD → POOR → FAIR → GOOD)
- Sudden transitions (e.g., WORST → FAIR, BOTH WEAK → GOOD, BOTH GOOD → POOR)
- BOTH WEAK → GOOD or BOTH GOOD → POOR means stock's strength is better/poor than the benchmark
- and more.
These alerts can help in:
- Early trend following
- Exiting when RS degrades
- Adding positions when RS improves
07. Smart Alerts (Built-in Conditions)
You can set alerts for (any timeframe)
- Positive Trend
- Negative Trend
- Rise in Volume
- Relative Strength Changed
Set your preferred interval and trigger type in TradingView to stay updated without chart-watching.
08. Pivot Points
VIV allows visualizing pivot highs and lows using a dynamic window (left/right lookback).
- Customizable label text and background color.
- Helpful in identifying support or resistance zones and breakout points.
09. Customization Options
Toggle modules like trend background, labels, stats, and volume zones.
Customize colors for:
- Labels
- Zones
- Trend backgrounds
- Table text, borders, and alignment
- Adjust visibility per timeframe (inputs tab)
How to Use VIV Effectively
- Use trend background colors to identify phase (base, uptrend, top).
- Look for stage 1, stage 2 and stage 3 for short, medium and long term trend.
- Watch for old high-volume candles (➕ marks) to plan entries/exits.
- Trade around ➕ marks, VIV || H and VIV || L levels.
- Use tight price zones to anticipate explosive moves.
- Monitor table for ATR/ADR, RS grade, and moving averages.
- Use alerts to automate monitoring of trend, volume, or RS shifts.
Best Suited For:
- Reversal traders (demand/supply based)
- Breakout traders using base-building logic
- Systematic or discretionary traders
- Anyone who values price-volume behavior over lagging indicators
發行說明
Updated Text.發行說明
Small text updates.發行說明
1. RENAMED STAGE NAMES TO TREND BASE TO AVOID THE CONFUSIONSTAGE 3 → SHORT TERM TREND
STAGE 2 → MEDIUM TERM TREND
STAGE 3 → LONG TERM TREND
2. NOW AVG. VOL WILL ALSO SHOW LIKE CR/L/K (CRORES/LAKH/THOUSAND) IF AVG. PRICE VOLUME IS INR. EARLIER IT WAS SHOWING IN M/K (MILLION/THOUSAND) ONLY
發行說明
Text Change發行說明
VIV has been upgraded to Version 1.1! We’ve made some key improvements to make your trading experience even smoother:
What’s New in V1.1?
Stage names are now clearer and renamed as “Trend Base” to avoid confusion:
Stage 3 → Short-Term Trend
Stage 2 → Medium-Term Trend
Stage 1 → Long-Term Trend
Improved Volume Display:
If your price/volume is in INR, average volume will now display as CR / L / K (Crore / Lakh / Thousand) instead of just M / K (Million / Thousand).
Makes it easier to read at a glance!
發行說明
// Version 1.2 //Table Positioning – The important values table can now be placed at "Middle Left" or "Middle Right" for better visibility.
Volume Increase% Display – Enhanced volume metric:
- Earlier: 125% or 75%
- Now: 125% (+25%) or 75% (−25%)
This makes it instantly clear whether volume is above or below the average and by how much.
發行說明
1. BUG FIXED - VIV label was showing double value2. UPDATES
Now table will show the selected number of days for Avg. Volume and Volume increase%
i.e. AVG. VOL (5) and VOLUME INCREASE% (5)
發行說明
/ VERSION 1.4 //1. Bug Fix – Corrected Long-Term Trend display (YES/NO) in the table.
2. Price Tightness Enhancements
- Added toggle to show/hide price tightness.
- Option to display or hide horizontal lines on the high and low of the parent candle.
- Customizable line colors for better chart visibility.
發行說明
// VERSION 1.5 // 🔧 FIX: Price Tightness Lines Color
Previously, the option to change the color of Price Tightness lines was available but not functioning correctly. Now, the color customization works as intended.
發行說明
Minor update in V 1.5 - You can now choose if you only want to show price tightness on weekly and monthly charts.發行說明
Small Text update.僅限邀請腳本
只有經作者批准的使用者才能訪問此腳本。您需要申請並獲得使用權限。該權限通常在付款後授予。如欲了解更多詳情,請依照以下作者的說明操作,或直接聯絡lifensunil。
除非您完全信任其作者並了解腳本的工作原理,否則TradingView不建議您付費或使用腳本。您也可以在我們的社群腳本中找到免費的開源替代方案。
作者的說明
VIV is a premium, invite-only indicator for TradingView.
To join the community and unlock full access, visit: https://www.viv.net.in
During the signup process, please provide your exact TradingView username — double-check to ensure smooth access.
提醒:在請求訪問權限之前,請閱讀僅限邀請腳本指南。
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。
僅限邀請腳本
只有經作者批准的使用者才能訪問此腳本。您需要申請並獲得使用權限。該權限通常在付款後授予。如欲了解更多詳情,請依照以下作者的說明操作,或直接聯絡lifensunil。
除非您完全信任其作者並了解腳本的工作原理,否則TradingView不建議您付費或使用腳本。您也可以在我們的社群腳本中找到免費的開源替代方案。
作者的說明
VIV is a premium, invite-only indicator for TradingView.
To join the community and unlock full access, visit: https://www.viv.net.in
During the signup process, please provide your exact TradingView username — double-check to ensure smooth access.
提醒:在請求訪問權限之前,請閱讀僅限邀請腳本指南。
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。