AMV Volume Assistant

The AMV Volume Assistant is a custom tool that visualizes volume delta strength using percentile-based scoring. It helps identify potential overbought and oversold conditions by measuring how strong recent buying or selling pressure is compared to historical volume behavior.

What it does:

• Tracks delta accumulation using lower timeframe data split into buying and selling volume based on candle direction.
  
• Converts this accumulation into a percentile score to show relative strength or weakness.
  
• Colors the background green or red when the smoothed score crosses key thresholds (+3 or -3), highlighting moments of possible volume exhaustion or continuation.
  

Use case:
This tool is useful for intraday traders who want a simple way to spot strong buying or selling pressure and assess when the move may be overextended. It works best as a supporting indicator alongside your main strategy or trend framework.

This tool works best on futures such as NQ1! due to the accuracy of volume data provided.

IMPORTANT: On lower tf's such as the 1 minute timeframes, 5s data is needed so a premium subscription is required for the use of this indicator.