Institutional Scanner Fix

Here is a professional Pine Script (Version 5) for TradingView. It is optimized to precisely identify the "Absorption" and "Reversal" signals.

What this script does for you:
Auto-Fibonacci: It automatically calculates the 0.618 Golden Ratio of the last 50 candles.

Volume Delta Check: It calculates the delta (buy volume minus sell volume) per candle.

Signal: It marks a "Buy Absorption" when the price touches the 0.618 level but the delta turns positive (green arrow).



The Volume Multiplier is your scanner's "sensitivity knob." It determines how much more volume compared to the average must flow for a signal to be classified as institutionally relevant. Here is the bank standard for calibration, based on your trading strategy and the asset's liquidity:

The rule-of-thumb values for the multiplier

Strategy Type | Recommended Value | Logic
Conservative (High Conviction) | 2.0 to 2.5 | Only extreme volume spikes are marked. Good for swing trades on a daily basis.

Standard (Day Trading) | 1.5 to 1.8 | The "sweet spot." Marks volume that is approximately 50-80% above average.

Aggressive (Scalping) | 1.2 to 1.3 | Reacts very quickly to small order flow changes but produces more "noise" (false signals).