OPEN-SOURCE SCRIPT

7M Levels

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💎 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.

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