Murphy Volume Analyst

Murphy Volume Analyst (MVA)

Murphy Volume Analyst is a volume confirmation tool inspired by John Murphy’s principle that volume should confirm price. The script is designed to help traders judge whether a move is supported by real participation or whether it is occurring on weak activity.

A strong price move with weak volume is often suspect. A move supported by expanding volume is generally more credible.

FEATURES

tradingview.com/x/01OEIuXl/]https://www.tradingview.com/x/01OEIuXl/

1. VMA Baseline
The script uses a Volume Moving Average (VMA) to define normal activity. This helps separate Heavy Volume from Light Volume and filters a large part of raw volume noise.

2. Climax Detection
When volume reaches an extreme multiple of the VMA, the script prints a “V” label. This marks unusual participation and can signal either institutional activity, trend expansion, capitulation, or exhaustion depending on context.



3. RVOL Dashboard
The script includes Relative Volume (RVOL) logic for intraday trading. Instead of only comparing current volume to a generic average, it compares activity to the same time slot in previous sessions. This makes the tool especially useful for session-driven markets such as US30 and Gold.

UNIFIED DECISION PROTOCOL



This script is intended as a confirmation layer, not a standalone entry system.

Step 1:
Identify statistical deviation or opportunity using the Pairs Runner / Z-Score framework.

Step 2:
Check whether price is trading in the MSD Sweet Spot.

Step 3:
Use MVA as the final confirmation filter.
Preferred condition:
- Heavy Volume color is active
- RVOL > 1
- price action is aligned with the setup direction

If volume does not confirm, the setup is lower quality.



VISUAL LEGEND

Bright Green:
Price rising with Heavy Volume

Bright Red:
Price falling with Heavy Volume

Gray:
Light Volume / reduced participation

“V” label:
Climax volume event relative to the VMA

RVOL > 1:
Higher-than-normal activity for that time of day

BEST USE CASES

- Volume confirmation for breakout or continuation setups
- Filtering weak MSD entries
- Session-based intraday analysis
- Identifying whether a move is backed by real participation

DISCLAIMER

This script is for educational and analytical purposes only. It is not financial advice. Trading involves risk, and all decisions remain the responsibility of the user.