SignalViper Venom

Venom — Volume Pressure & Participation Analysis

Venom is a volume-pressure and participation analysis tool designed to evaluate whether buying or selling pressure is dominating recent price movement. Instead of forecasting direction, Venom focuses on measuring imbalance, agreement, and conflict between price movement and volume behavior.

The script presents this information as an oscillator, helping traders visualize who is exerting pressure and how stable that pressure is over time.

Core Concepts & Logic

Venom evaluates volume activity in relation to price movement to determine relative pressure, not absolute volume levels. Its analysis focuses on:

Buying vs Selling Pressure
Measures whether volume participation favors upward or downward movement.

Pressure Stability
Identifies whether participation is sustained or weakening.

Participation Conflict
Highlights conditions where buying and selling forces are closely balanced.

Based on these factors, Venom classifies pressure into distinct control states.

Indicator Families Used

Venom belongs to the volume-aware momentum and participation family of indicators. It uses volume-weighted evaluation rather than raw volume bars, allowing pressure conditions to be compared consistently across symbols and timeframes.

Visual Outputs Explained

Pressure Oscillator
Displays relative buying or selling pressure:

Cyan tones indicate buying pressure dominance

Magenta tones indicate selling pressure dominance

Control States

BUYERS: volume pressure supports upward movement

SELLERS: volume pressure supports downward movement

CONTESTED: participation is balanced or conflicted

Pressure Signal Line
Acts as a smoothing and confirmation reference to help assess pressure shifts.

Divergence Markers
Appear when price movement and pressure behavior begin to disagree, indicating possible participation exhaustion or transition, not guaranteed reversals.

Information Table
Provides a real-time summary of current pressure direction and control state.

All visuals are directly tied to the underlying pressure evaluation.

Alerts

Venom includes optional alerts for:

Pressure state transitions

Divergence conditions between price and pressure

Alerts are designed to highlight changes in participation context, not to signal trades.

How to Use Venom

Venom is intended as a context and confirmation tool. Traders commonly use it to:

Assess whether price movement is supported by participation

Avoid entries when pressure is conflicted or weakening

Monitor potential exhaustion during extended moves

It pairs naturally with trend, momentum, or structure-based tools to add a participation layer.

Why This Script Is Invite-Only

Venom’s value comes from how volume information is interpreted, normalized, and abstracted into readable pressure states and divergence conditions. This allows traders to assess participation without relying on multiple raw volume indicators or manual interpretation.