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High Volume Points [BigBeluga]

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High Volume Points [BigBeluga] is a unique volume-based indicator designed to highlight key liquidity zones where significant market activity occurs. By visualizing high-volume pivots with dynamically sized markers and optional support/resistance levels, traders can easily identify areas of interest for potential breakouts, liquidity grabs, and trend reversals.

🔵Key Features:

High Volume Points Visualization:
  • The indicator detects pivot highs and lows with exceptionally high trading volume.
  • Each high-volume point is displayed as a concentric circle, with its size dynamically increasing based on the volume magnitude.
  • The exact volume at the pivot is shown within the circle.
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Dynamic Levels from Volume Pivots:
  • Horizontal levels are drawn from detected high-volume pivots to act as support or resistance.
  • Traders can use these levels to anticipate potential liquidity zones and market reactions.
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Liquidity Grabs Detection:
  • If price crosses a high-volume level and grabs liquidity, the level automatically changes to a dashed line.
  • This feature helps traders track areas where institutional activity may have occurred.
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Volume-Based Filtering:
  • Users can filter volume points by a customizable threshold from 0 to 6, allowing them to focus only on the most significant high-volume pivots.
  • Lower thresholds capture more volume points, while higher thresholds highlight only the most extreme liquidity events.
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🔵Usage:
  • Identify strong support/resistance zones based on high-volume pivots.
  • Track liquidity grabs when price crosses a high-volume level and converts it into a dashed line.
  • Filter volume points based on significance to remove noise and focus on key areas.
  • Use volume circles to gauge the intensity of market interest at specific price points.


High Volume Points [BigBeluga] is an essential tool for traders looking to track institutional activity, analyze liquidity zones, and refine their entries based on volume-driven market structure.
發行說明
Plot points when barstate is confirmed

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