[Saga Trading] Volume Pro

Descitpion :

The main component of this indicator is a volume-based signal line, calculated from traded volume and filtered relative to its own recent behavior in order to highlight changes in market participation.

The indicator focuses on identifying periods of unusually high or low activity, helping traders distinguish between normal participation and abnormal volume conditions that often occur during emotional or unstable market phases.


It includes:

Participation context
A smoothed reference line is used to represent the average participation level, allowing traders to visually assess whether current volume is expanding or contracting relative to recent conditions.

Relative high and low activity zones
Areas of elevated or reduced participation are highlighted to make shifts in volume intensity more easily noticeable.

Extreme participation areas
Marked zones indicate moments where volume deviates significantly from its usual range, which may signal increased risk, exhaustion, or instability in price movement.


How to use ?

This indicator is not designed to generate trading signals.
Instead, it should be used as a context and risk-awareness tool.

Elevated participation may indicate emotional or late-stage market activity.

Reduced participation may indicate a lack of conviction or reduced interest.

Volume behavior should always be interpreted in conjunction with price action and broader market structure, not in isolation.

This indicator is intended for educational and analytical purposes only and is not a trading system.