JVolume Elite

🚀 Volume-RSI Elite Momentum Engine (3-in-1)

The Ultimate Visual Clarity for Volume Spread Analysis (VSA) Tired of jumping between Price, Volume, and RSI? This indicator merges all three into a single, intuitive visual experience directly on your candles.

🔹 Key Features

📊 5-Tone Volume Palette: Uses a 20-period Volume EMA to color candles based on relative intensity.

Neon Green/Red: High-conviction institutional moves.

Dark/Black Shades: Volume exhaustion – signals the trend is running out of "fuel" (perfect for avoiding late entries).

🟣 Institutional Liquidity Traps (Electric Purple): Identifies high-volume Hammers and Shooting Stars. These aren't just dojis; they are asymmetric traps where retail is "washed out" and smart money takes over.

🌈 RSI Trend Backgrounds: No need for a sub-pane. The chart background tells the story:

Crimson (RSI > 70): Overbought Danger Zone.

Gold/Green (RSI 55-65): The "Momentum Sweet Spot" for trend following.

Ocean Blue (RSI < 30): Oversold/Accumulation Zone.

🔹 How to Read the "3-in-1" Story

High-Probability Long: Look for a Dark Red/Black candle (Exhaustion) or an Electric Purple Hammer in the Ocean Blue zone.

Trend Confirmation: Ride the trend as long as the background is Gold/Green and candles remain solid green.

The "Hollow" Rally: Warning! If you see Dark Green/Black candles in the Crimson zone, it’s a "hollow" move with no volume support—expect a reversal.

🔹 Built-In Intelligence

Smart Noise Filter: The indicator automatically deactivates on timeframes below 30 minutes to ensure signal reliability and prevent intraday "whipsaws."

EMA Optimized: Reacts faster to sudden volume spikes compared to standard moving averages.