PowerBars Indicator

Volume-based anomaly detection indicator        

Dynamic threshold calculation that automatically adapts to each instrument's volume characteristics, eliminating manual configuration while providing instant institutional activity detection across all markets and timeframes.

⚡ PowerBars calculates average volume from previous candles and highlights anomalies as colored bars—multiples of that average signal institutional activity. Works both ways: huge volume spikes (HVN) indicate smart money entering/exiting, while abnormally low volume (LVN) reveals liquidity voids where the price can move quickly with minimal resistance.

Four notification types:

Bullish above average, Bearish above average, Bullish below average, and Bearish below average—so you're instantly alerted to both high-conviction institutional moves and low-liquidity opportunities in either direction.

Surprisingly effective simplicity:

Despite its straightforward logic, PowerBars proves remarkably powerful in real trading—helping you spot when institutions are actually moving versus just market noise. Keeps your chart clean and uncluttered while delivering the volume intelligence that matters.

Customizable parameters:

• Lookback period: Adjust how many previous candles are used for average volume calculation
• Multiplier threshold: Set the required multiple of average volume to trigger anomaly detection
• Visual customization: Adjust candle colors for different volume conditions
• Notification system: Four alert types (bullish/bearish above/below average) with custom sound options

Volume confirmation at key levels:

When price approaches 🖊️ Linescope Lite (other Pavel Horak's free indicator) automated levels — Daily High/Low, VWAP nodes, Volume Profile POCs, session boundaries — ⚡ PowerBars reveals whether institutions are defending or breaking those levels with conviction. HVN spikes confirm genuine breaks worth following, while LVN at critical levels suggests weak tests likely to reverse.

Liquidity void detection:

When price moves through zones with consistently below-average volume (LVN), you're witnessing liquidity voids where institutional orders are absent — these areas often produce rapid continuation moves as price seeks the next zone of genuine institutional interest, providing low-risk entry opportunities in the direction of the void.

Session transition analysis:

At 🖊️ Linescope Lite session boundaries (Asia/Europe/US), PowerBars instantly shows whether new session participants are entering with conviction (HVN) or if the transition is passive (LVN) — helping you anticipate whether to expect breakout momentum or range continuation behavior.

Free indicator synergy:

PowerBars works exceptionally well with my other free indicators — the combination delivers institutional-grade volume and structure intelligence without any cost, proving that systematic trading edge doesn't require expensive tools, just smart design.

 

🔄 Free, lifetime updates included