Premium Volume Intensity Meter
Premium Volume Intensity Meter
The Volume Intensity Meter V1 is a Pine Script v6 indicator for TradingView that measures market momentum and direction using a volume-weighted intensity metric. It renders a normalized percentage score in a compact table with a gradient meter and directional arrows indicating bullish, bearish, or neutral conditions. A hybrid formula balances direction and volatility, and users can tune sensitivity and display settings.
Legal Disclaimer for TradingScript Solutions
The TradingView Pine Script 6 scripts provided by TradingScript Solutions, LLC are for informational and educational purposes only and do not constitute financial advice. All scripts, indicators, and tools are provided "as is" without warranties of any kind, express or implied, including accuracy, reliability, or fitness for a particular purpose. Users assume full responsibility for their use of the scripts and any trading decisions made. TradingScript Solutions, LLC is not liable for any losses, damages, or risks arising from the use of our products. Trading involves significant risk, and users should consult a qualified financial advisor before making investment decisions.
Features
- Hybrid Intensity Calculation: Blends directional and volatility signals with volume weighting.
- Gradient Meter Display: Color-coded table with a live pointer and center readout.
- Customizable Parameters: Lookback, smoothing, number of segments, and flip sensitivity.
- Momentum Pointer: Marks current intensity from bearish to bullish.
- Normalized Scale: Clamped output (±150%) for consistent reading across symbols.
