UM Premarket Volume DashboardSUMMARY
Do you track the largest percent movers in the premarket?
Instantly compare current premarket volume to its recent average with built-in trend confirmation.
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DESCRIPTION
This indicator is a compact premarket intelligence dashboard that combines live volume analysis with adaptive trend detection. It highlights unusually strong premarket activity while confirming directional bias using either a Nadaraya–Watson Estimator (NWE) or traditional moving averages.
The goal is to quickly identify symbols that are both active and aligned with trend before the regular trading session begins.
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HOW IT WORKS
• Calculates average daily volume using a 50-day rolling average
• Tracks live premarket volume between 04:00–09:30 (exchange time)
• Computes a rolling average of prior premarket sessions and blends in the current day’s partial premarket volume in real time
• Highlights premarket volume in dark green when it exceeds both a user-defined threshold and the rolling premarket average
• Determines bullish or bearish trend status using a selectable method:
• Nadaraya–Watson Estimator (NWE)
• EMA, WMA, or SMA
• Trend status is based on directional slope (current value vs prior bar)
• Displays percent gain from the previous regular-session close (4:00pm ET)
• Shows total shares outstanding for quick liquidity context (when available)
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DEFAULT SETTINGS
• Trend Method: Nadaraya–Watson Estimator (NWE)
• NWE Lookback Window (h): 8
• NWE Relative Weighting (r): 8
• Regression Length: 120 bars
• Premarket Average Days: 10
• Premarket Green Volume Threshold: 50,000 shares
• Average Daily Volume: 50-day SMA
• Trend Source: Close
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SUGGESTED SETTINGS AND USES
• Use the default NWE settings for smoother, adaptive trend confirmation, especially on lower timeframes (1–5 minute charts) during premarket
• Switch to EMA or WMA if you prefer faster trend flips or want behavior consistent with MA-based systems
• Increase the Premarket Volume Threshold for large-cap stocks or ETFs to reduce noise
• Decrease the threshold for small-cap stocks to surface early momentum names
Ideal for:
• Premarket gap scanners
• Momentum continuation setups
• Liquidity confirmation before market open
• Building dynamic watchlists for the opening bell
This indicator is best used as a filtering and confirmation tool, not as a standalone entry signal.
Indicador Pine Script®






















