OPEN-SOURCE SCRIPT
7M Levels
💎 Key Feature: "Relative Volume at Time"
Most RelVol indicators compare current volume to the full day's average, which is misleading during Pre-Market or After-Hours. 7M Levels uses a sophisticated "At Time" logic: It compares the current 5-minute volume to the historical average of that exact same time of day over the last 30 days.
Example: If a stock trades 50k shares at 8:00 AM, the script checks if that is normal for 8:00 AM. If the average is 5k, your RelVol is 10x—signaling a massive institutional move before the bell rings.
🛠️ Built-in Features
Live Scoring Engine: A fully customizable scoring system (default Pass: 7/10). The dashboard changes color based on your specific criteria, acting as a visual "Go/No-Go" signal.
Gap & Change Analysis: Tracks price action specifically since the 4:00 AM EST Pre-Market open.
Fundamental Snapshot: Instant access to Float (Mio), Industry, and Country without leaving the chart.
Technical Suite: Real-time monitoring of VWAP relation, MACD crossovers, RSI levels, and VWMA trends.
Smart Alerts: Integrated alerts with a built-in Cooldown Timer to prevent notification spam during volatile moves.
📊 How to use the Dashboard
Grey Rows: Basic information and reference data.
Green/Red Rows: Parameters that are currently passing or failing your custom "Momentum Score" settings.
Total Score: The bottom line. If it turns Emerald Green, the stock meets all your momentum requirements for a potential trade.
⚙️ Optimization
This script is optimized with a max_bars_back buffer of 5000 to ensure deep historical volume analysis remains stable even on ultra-fast timeframes like the 10-second or 1-minute chart.
Safe Trading! Disclaimer: This tool is for informational purposes only and does not constitute financial advice.
Most RelVol indicators compare current volume to the full day's average, which is misleading during Pre-Market or After-Hours. 7M Levels uses a sophisticated "At Time" logic: It compares the current 5-minute volume to the historical average of that exact same time of day over the last 30 days.
Example: If a stock trades 50k shares at 8:00 AM, the script checks if that is normal for 8:00 AM. If the average is 5k, your RelVol is 10x—signaling a massive institutional move before the bell rings.
🛠️ Built-in Features
Live Scoring Engine: A fully customizable scoring system (default Pass: 7/10). The dashboard changes color based on your specific criteria, acting as a visual "Go/No-Go" signal.
Gap & Change Analysis: Tracks price action specifically since the 4:00 AM EST Pre-Market open.
Fundamental Snapshot: Instant access to Float (Mio), Industry, and Country without leaving the chart.
Technical Suite: Real-time monitoring of VWAP relation, MACD crossovers, RSI levels, and VWMA trends.
Smart Alerts: Integrated alerts with a built-in Cooldown Timer to prevent notification spam during volatile moves.
📊 How to use the Dashboard
Grey Rows: Basic information and reference data.
Green/Red Rows: Parameters that are currently passing or failing your custom "Momentum Score" settings.
Total Score: The bottom line. If it turns Emerald Green, the stock meets all your momentum requirements for a potential trade.
⚙️ Optimization
This script is optimized with a max_bars_back buffer of 5000 to ensure deep historical volume analysis remains stable even on ultra-fast timeframes like the 10-second or 1-minute chart.
Safe Trading! Disclaimer: This tool is for informational purposes only and does not constitute financial advice.
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que la republicación del código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que la republicación del código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.