Key Features :
01. Trend-Based Analysis with Stages and Background Colors
VIV breaks down the market into three color-coded stages based on trend confirmation:
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Uptrend (Short-Term Trend Confirmation)
- Marks early accumulation or consolidation.
- Shows possible reversal zones.
- Short-term traders use this to spot opportunities before a breakout.
Uptrend (Medium-Term Trend Confirmation)
- Highlights the start of a strong directional move.
- Confidence zone for position building and breakout-following strategies.
Uptrend (Long-Term Trend Confirmation)
- Indicates long term strength.
These trend stages reflect the emotional phases of market participants and the shifting balance of power between buyers and sellers. You can toggle trend backgrounds for intraday, daily, weekly, and monthly trends and change their background colors.
Note : If the % difference inShort term trend exceeds 10%, the stock is considered extended. Such setups should be evaluated with caution before making any trade decisions.
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02. . Volume Footprints (➕ Signs)
VIV intelligently identifies past candles with high-volume activity (accumulation/distribution).
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- These are not typical breakout volumes, but subtle footprints of smart money.
- Help spot reversal points, liquidity zones, and retest levels.
- Valuable for both breakout and reversal traders to confirm zone strength.
- You can enable or disable these lines, adjust color, style, and width via VIV Line Settings.
03. VIV || H, VIV || L and VIV || C Zones
Automatically plots horizontal levels from high-volume, high-activity candles—revealing the footprints of smart money.
- VIV || H (High) = Top of important bar.
- VIV || L (Low) = Bottom of important bar.
- VIV || C (Close) = Close price of important bar.
Key levels used by traders for:
- Entries
- Stop-loss placement
- Targets
These zones show where price historically reacted due to strong institutional presence. They come with customizable label colors and backgrounds.
04. Price Tightness Detection
Detects when two or more candles compress within the range of a larger parent candle.
Represents indecision, contraction, or coiling behavior before major price moves.
Ideal for both:
- Breakout traders looking for base formations.
- Reversal traders watching for exhaustion.
Color-coded markers indicate such tight price zones — disabled by default but can be enabled.
05. Technical Stats Panel (Important Data Table)
An insightful dashboard providing:
- Most important - Market environment
- ADR% – Volatility-based movement expectations (change period via input).
- ATR – Real volatility indicator.
- Average Volume / Price Volume – Customizable average period and currency unit (INR/USD).
Trend Data:
- 10/20/200 SMAs
- 10-week & 20-week trend stages (custom SMA period/timeframe supported)
Relative Strength vs Benchmark
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- RS grade: GREAT, GOOD, FAIR, UNCERTAIN, UNDER PERFORMER, LAGGARD, POOR
- When RS is comparing: BOTH STRONG, BOTH WEEK
- You can also display the benchmark symbol name and change the symbol for relative strength comparison.
06. Relative Strength Grade Change Alerts
VIV tracks relative strength changes against a chosen benchmark (e.g., Nifty MidSmallCap).
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The above tells us that if the stock is stronger or weaker than the benchmark.![]()
- Detects when relative strength shifts from:
- Strong → Weak (e.g., EXCELLENT → GOOD → FAIR)
- Weak → Strong (e.g., LAGGARD → POOR → FAIR → GOOD)
- Sudden transitions (e.g., WORST → FAIR, BOTH WEAK → GOOD, BOTH GOOD → POOR)
- BOTH WEAK → GOOD or BOTH GOOD → POOR means stock's strength is better/poor than the benchmark
- and more.
These alerts can help in:
- Early trend following
- Exiting when RS degrades
- Adding positions when RS improves
07. Smart Alerts (Built-in Conditions)
You can set alerts for (any timeframe)
- Positive Trend
- Negative Trend
- Rise in Volume
- Change in Relative Strength
- Change in market environment
Set your preferred interval and trigger type in TradingView to stay updated without chart-watching.
08. Pivot Points
VIV allows visualizing pivot highs and lows using a dynamic window (left/right lookback).
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- Customizable label text and background color.
- Helpful in identifying support or resistance zones and breakout points.
09. Customization Options
- Labels
- Zones
- Trend backgrounds
- Table text, borders, and alignment
- Adjust visibility per timeframe (inputs tab)
How to Use VIV Effectively
- Use trend background colors to identify phase (base, uptrend, top).
- Look for short, medium and long term trend in the technical panel (Bottom right of your chart).
- Watch for old high-volume candles (➕ marks) to plan entries/exits.
- Trade around ➕ marks, VIV || H or VIV || L or VIV || C levels.
- Use tight price zones to anticipate explosive moves.
- Monitor table for ATR/ADR, RS grade, and moving averages.
- Use alerts to automate monitoring of trend, volume, or RS shifts.
Best Suited For:
- Reversal traders (demand/supply based)
- Breakout traders using base-building logic
- Systematic or discretionary traders
- Anyone who values price-volume behavior over lagging indicators
Add-on:
The VIV Community - is our space to connect, learn, and trade smarter together. Members share market views, discuss setups, and get direct access to the VIV indicator — all in one place. Whether you’re here to sharpen your skills or just stay in sync with fellow traders, you’ll feel right at home.
Join the VIV community →
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