Student Wyckoff volume background levels

어제

**STUDENT WYCKOFF Volume Background Levels**

This indicator colors volume bars according to how large or small the current volume is relative to the recent background. Instead of looking at “raw” volume, it shows whether today’s activity is *extreme, high, normal, low or ultra-low* compared to what is usual for this market and timeframe.

### Concept

* The script calculates a **background average volume** over a user-defined number of bars (background window).
* For each bar it computes the ratio:

> `Volume Ratio = Current Volume / Average Volume`

* Depending on how big this ratio is, the volume bar is assigned to one of five categories and colored accordingly.

This makes it very easy to see where real effort (unusual activity) appears and where the market is quiet.

### Color scheme and thresholds (default)

All thresholds are defined as a multiple of the average volume:

* **Extreme volume** – **purple**
`volume ≥ Extreme * average` (default 3.0×)
Very rare, climactic activity. Often associated with buying/selling climaxes, stopping volume or very aggressive participation.

* **High volume** – **light red**
`volume ≥ High * average` (default 1.5×)
Clearly above-average volume. Important bars in trends or near key support/resistance.

* **Normal volume** – **gray**
Around the background average. Regular market activity.

* **Low volume** – **light yellow**
`volume ≤ Low * average` (default 0.7×)
Below-average activity. In Wyckoff/VSA context this can support ideas like No Demand / No Supply (together with spread and result).

* **Ultra-low volume** – **bright green**
`volume ≤ Ultra Low * average` (default 0.3×)
Very quiet market. Often marks zones of complete disinterest, late phases of trends, or calm periods before new campaigns.

All multipliers and colors are user-adjustable.

### How to use it

This is **not a standalone buy/sell signal**, but a visual tool to support Wyckoff/VSA reading:

* Highlight **climactic or stopping bars** by looking for purple (extreme) and light-red (high) volume around important price levels.
* Confirm **No Demand / No Supply** ideas by checking for low or ultra-low volume while price is drifting.
* Study how volume background changes between phases of a trading range, mark-up and mark-down.

The indicator works on any symbol and timeframe, uses only closed bars (no repainting) and is intended for educational and analytical purposes. Always combine it with your own price action reading, risk management and trading plan.

어제

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