Smart Scalper V7 [Churn Filter]

Indicator uses relative volume by time as well as ADX to highlight if volume is high to prevent trading in chop or being faked out.
Dec 1
Release Notes
How to Read the "Traffic Light" 🚦
You asked: "How do I work out if volume is higher or lower?" Look at the White Horizontal Line running across the indicator.

Height (Quantity):

Above the Line: Volume is High (The crowd is here).

Below the Line: Volume is Low (Everyone is at lunch).

Color (Quality):

🟢 Green: High Volume + Strong Trend. (Best for Entries).

🟡 Yellow: High Volume but NO Trend. This is usually a Reversal or a Trap. (Big fight, no winner yet).

🟠 Orange: Trending, but on Low Volume. The price is drifting. Don't trust it—it can snap back easily.

🔴 Red: Low Volume, No Trend. The "Kill Zone." Do not trade.