OPEN-SOURCE SCRIPT
Volumetric Entropy Index
Volumetric Entropy Index (VEI)
A volume-based drift analyzer that captures directional pressure, trend agreement, and entropy structure using smoothed volume flows.
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🧠 What It Does:
• Volume Drift EMAs: Shows buy/sell pressure momentum with adaptive smoothing.
• Dynamic Bands: Bollinger-style volatility wrappers react to expanding/contracting drift.
• Baseline Envelope: Clean structural white rails for mean-reversion zones or trend momentum.
• Background Shading: Highlights when both sides (up & down drift) are in agreement — green for bullish, red for bearish.
• Alerts Included: Drift alignment, crossover events, net drift shifts, and strength spikes.
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🔍 What Makes It Different:
• Most volume indicators rely on bars, oscillators, or OBV-style accumulation — this doesn’t.
• It compares directional EMAs of raw volume to isolate real-time bias and acceleration.
• It visualizes the twisting tension between volume forces — not just price reaction.
• Designed to show when volatility is building inside the volume mechanics before price follows.
• Modular — every element is optional, so you can run it lean or fully loaded.
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📊 How to Use It:
• Drift EMAs: Watch for one side consistently dominating — sharp spikes often precede breakouts.
• Bands: When they tighten and start expanding, it often signals directional momentum forming.
• Envelope Lines: Use as high-probability reversal or continuation zones. Bands crossing envelopes = potential thrust.
• Background Color: Green/red backgrounds confirm volume agreement. Can be used as a filter for other signals.
• Net Drift: Optional smoothed oscillator showing the difference between bullish and bearish volume pressure. Crosses above or below zero signal directional bias shifts.
• Drift Strength: Measures pressure buildup — spikes often correlate with large moves.
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⚙️ Full Customization:
• Turn every layer on/off independently
• Modify all colors, transparencies, and line widths
• Adjust band width multiplier and envelope offset (%)
• Toggle bonus plots like drift strength and net baseline
---
🧪 Experimental Tools:
• Smoothed Net Drift trace
• Drift Strength signal
• Envelope lines and dynamic entropy bands with adjustable math
---
Built for signal refinement. Made to expose directional imbalance before the herd sees it.
Created by Sherlock_MacGyver
A volume-based drift analyzer that captures directional pressure, trend agreement, and entropy structure using smoothed volume flows.
---
🧠 What It Does:
• Volume Drift EMAs: Shows buy/sell pressure momentum with adaptive smoothing.
• Dynamic Bands: Bollinger-style volatility wrappers react to expanding/contracting drift.
• Baseline Envelope: Clean structural white rails for mean-reversion zones or trend momentum.
• Background Shading: Highlights when both sides (up & down drift) are in agreement — green for bullish, red for bearish.
• Alerts Included: Drift alignment, crossover events, net drift shifts, and strength spikes.
---
🔍 What Makes It Different:
• Most volume indicators rely on bars, oscillators, or OBV-style accumulation — this doesn’t.
• It compares directional EMAs of raw volume to isolate real-time bias and acceleration.
• It visualizes the twisting tension between volume forces — not just price reaction.
• Designed to show when volatility is building inside the volume mechanics before price follows.
• Modular — every element is optional, so you can run it lean or fully loaded.
---
📊 How to Use It:
• Drift EMAs: Watch for one side consistently dominating — sharp spikes often precede breakouts.
• Bands: When they tighten and start expanding, it often signals directional momentum forming.
• Envelope Lines: Use as high-probability reversal or continuation zones. Bands crossing envelopes = potential thrust.
• Background Color: Green/red backgrounds confirm volume agreement. Can be used as a filter for other signals.
• Net Drift: Optional smoothed oscillator showing the difference between bullish and bearish volume pressure. Crosses above or below zero signal directional bias shifts.
• Drift Strength: Measures pressure buildup — spikes often correlate with large moves.
---
⚙️ Full Customization:
• Turn every layer on/off independently
• Modify all colors, transparencies, and line widths
• Adjust band width multiplier and envelope offset (%)
• Toggle bonus plots like drift strength and net baseline
---
🧪 Experimental Tools:
• Smoothed Net Drift trace
• Drift Strength signal
• Envelope lines and dynamic entropy bands with adjustable math
---
Built for signal refinement. Made to expose directional imbalance before the herd sees it.
Created by Sherlock_MacGyver
Skrypt open-source
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Skrypt open-source
W duchu TradingView twórca tego skryptu udostępnił go jako open-source, aby traderzy mogli analizować i weryfikować jego funkcjonalność. Brawo dla autora! Możesz korzystać z niego za darmo, ale pamiętaj, że ponowna publikacja kodu podlega naszym Zasadom Społeczności.
Wyłączenie odpowiedzialności
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.