Five independent volume metrics. One unified score from 0 to 100. The VCI answers a single question before every trade: is the volume environment genuinely supportive of this setup, or are you trading into thin air? When CVD, Open Interest, Klinger, Relative Volume, and Standard Volume all point in the same direction - that is a volume-confluent environment the VCI quantifies and grades for you.
The VCI renders a separate pane below your chart with a live info table in the top-right corner. The main score line changes colour by grade. Five metric lines run behind it showing each component. A-grade signal arrows appear at the bottom when the environment hits high conviction.
Each of the five metrics produces a raw score. These are summed to produce the total Confluence Score from 0 to 100. The score is translated into a letter grade - giving you an at-a-glance quality rating for the current volume environment.
The heaviest-weighted metric and the backbone of the VCI. Tracks the running net difference between buy and sell volume over the lookback period. Scored on both direction (positive/negative) and slope (rising/falling). CVD positive AND rising = 30/30. CVD negative AND falling = 10/30.
Aggregates Open Interest data from up to five perpetual futures exchanges (Binance USDT, Binance USD, BitMEX USD, BitMEX USDT, Kraken USD). Rewards scenarios where OI is increasing alongside bullish price action. Requires a perpetual futures chart symbol. Shows N/A on spot markets - score is redistributed proportionally to the other four metrics when unavailable.
Measures the long-term flow of money by combining price trend direction with volume force. Additional bonus points for fresh crossovers above the signal line (+5 pts), being above the signal line (+3 pts), and bullish divergence detection (+5 pts when price makes a lower low but KVO does not). Capped at 25 points maximum.
Compares current volume to the rolling average expressed as a multiplier. Above 3.0x = 15/15 (extreme volume, treat signals with maximum conviction). 2.0-3.0x = 13/15. 1.5-2.0x = 10/15. 1.0-1.5x = 7/15. 0.8-1.0x = 5/15. Below 0.8x = 3/15 (low volume, treat signals with caution).
Uses the same rVol multiplier as Metric 4 but contributes a smaller capped score of up to 5 points. Acts as a secondary volume confirmation layer - a minor boost when volume is elevated, a minor drag when it is weak. At 5% weighting, this metric will not make or break a score on its own.
The total score is translated into a letter grade. The grade provides an at-a-glance quality rating for the volume environment. An A-grade is a go-zone, not a buy signal - always confirm with price structure before acting.
All or most metrics strongly aligned. Premium setup - the VCI is firing on all cylinders. Highest conviction environment.
Strong multi-metric agreement. A valid, high-quality setup worth acting on when supported by price action. An A-grade signal arrow fires on the indicator.
Some alignment present but not all metrics confirming. Treat as a watch condition - monitor for the environment to improve before entering.
Limited agreement across metrics. Low-quality volume environment - proceed with caution or stand aside entirely.
Metrics not aligned or opposing each other. Avoid trading setups in this zone. Volume is not supporting any directional move.
The top of the info table shows the total Confluence Score (e.g. 72.0) alongside the letter grade in colour. The pane background also changes colour based on grade zone - green above A, yellow in B zone, red below B - so you can read the environment at a glance even at small zoom levels.
Below the total, each metric shows its individual score out of its maximum (e.g. CVD: 22/30, OI: 20/25, Klinger: 18/25, rVol: 10/15 (1.8x), Vol: 4/5). This tells you which metrics are contributing and which are dragging. A score of 70 driven by CVD and rVol is more meaningful than a 70 driven mainly by Klinger alone.
When OI shows N/A, the indicator is operating on a redistributed 4-metric model (the 25% OI weighting spreads to the other four metrics). This is still valid but interpret scores with that context in mind - especially on spot markets or assets without perpetuals data. The info table shows the active exchange source count in brackets.
When the VCI score transitions from below A-grade to A-grade or above, a small upward arrow labelled 'A' appears at the bottom of the pane. This marks the exact bar where the volume environment reached high-conviction territory - useful for reviewing historical setups and building your read of what an A-grade environment actually looks like on your preferred asset.
A one-bar A-grade spike that immediately drops back to C is less meaningful than a score that builds and maintains A-grade territory for several consecutive bars. The latter indicates the volume environment is genuinely strong, not a momentary anomaly. Watch for scores that hold at grade level across multiple bars before entering.
Three built-in alert conditions. Right-click the indicator name in TradingView, select Add alert on VCI, and choose your condition. The A-Grade Setup alert fires once at the moment of transition - not repeatedly while sustained.
Fires when the score first transitions into A-grade territory. Fires once per transition - not repeatedly while sustained. This is the primary alert for trade opportunity awareness.
Fires every time the confluence score crosses above the A threshold. Similar to the A-Grade Setup but fires on every crossover event - useful for backreference tracking.
Fires when the score enters A+ territory (80+). The highest-conviction signal the VCI produces. Use this to shortlist only the most elite volume environments on your preferred instrument.
Pair the A-Grade Setup alert with price action confirmation before acting - the alert tells you conditions are right, not that it is time to enter. Use the A+ alert as a shortlist of the highest-conviction environments worth watching most closely.
The VCI is the volume quality filter at the end of the TMM confluence chain. It does not tell you direction - it tells you whether the volume environment is strong enough to support the direction the rest of the system has identified.
An A-grade VCI is a go-zone, not a buy signal. Wait for your price action signal, key level, or pattern to confirm - then use the VCI grade to validate the environment before pulling the trigger. A-grade at a major support level after a compression is a very different proposition to an A-grade in the middle of a choppy range.
Hosted on TradingView as an invite-only protected script. After purchase you will be prompted to enter your email and TradingView username - access is then granted automatically.
Past performance does not guarantee future results. Trading involves significant risk of loss. This is educational content, not financial advice.