Volume Aggregated (Lite)

Volume Aggregated (Lite) is a lightweight yet powerful tool designed to provide traders with a consolidated view of trading volume across major perpetual futures markets. Instead of relying solely on the volume of a single exchange, this indicator aggregates and normalizes data from multiple venues, giving a broader and more representative measure of market activity.

Supported Exchanges:

Binance (USDT.P & USDC.P)

Bybit (USDT.P & USD.P)

OKX (USDT.P & USD.P)

Bitget (USDT.P & USD.P)

Coinbase (USDC.P)

Users can toggle each exchange individually, allowing flexible customization depending on which markets they consider most relevant.

Denomination Options:

COINS: Volume expressed in the base currency (e.g., BTC, ETH).

USD: Volume normalized to USD values by multiplying with price.

Why it’s useful:
Volume is a critical component of technical analysis, reflecting market participation and conviction behind price moves. However, relying on a single exchange can create blind spots, especially in crypto where liquidity is fragmented. By combining data from multiple large exchanges, this indicator offers:

A more comprehensive measure of market interest.

A normalized comparison between exchanges with different quote currencies (e.g., USDT, USD, USDC).

A volume stream that can be used as a custom source for other indicators, strategies, or overlays within TradingView.

Practical Applications:

Trend Confirmation: Check if aggregated volume supports price direction.

Breakout Validation: Identify whether breakouts are backed by broad participation across venues.

Divergence Detection: Spot situations where price moves without sufficient cross-exchange volume.

Custom Indicator Input: Since it outputs a clean series, it can be plugged into moving averages, oscillators, or custom-built scripts.

Technical Details:
The script uses request.security() to pull volume data across exchanges and normalizes values when required (e.g., USD-quoted pairs divided by the instrument’s price). It then aggregates all valid inputs into a single stream. The result is displayed as color-coded columns (green for bullish candles, red for bearish), making it easy to interpret at a glance.

This “Lite” version keeps the focus on core functionality: aggregation, normalization, and straightforward visualization—avoiding unnecessary complexity while remaining highly adaptable for custom analysis.