Scalp Pump-Dump Detector with Alerts
Jun 18, 2023
The Scalp Pump-Dump Detector with Alerts indicator identifies and highlights abnormal price movements in real-time to help scalpers detect potential pumps or dumps.
Usage
The tool calculates the percentage movement for every candle on the chart and displays this value as a label. When a candle's price change exceeds the user-defined threshold, it is flagged as an "anomaly."
Example use cases include:
- Volatility Tracking: Monitor the standard percentage swings of an asset to gauge current market volatility.
- Breakout Identification: Identify sudden spikes in price that may indicate the start of a trend or a pump-and-dump event.
- Volume Analysis: Use the optional volume labels on anomaly candles to confirm if a price move is backed by significant trading activity.
- Dashboard Monitoring: View the 24-hour rolling volume in a convenient table to assess overall liquidity.
Details
The script measures the percentage difference between two selectable sources (defaulting to Low and High). If the absolute difference is greater than the Anomaly Threshold, the bar's background is highlighted with a color corresponding to its direction (Green for bullish, Red for bearish).
The 24-hour volume calculation utilizes a sub-routine that aggregates volume data from a lower timeframe to provide a more accurate rolling sum of USD (or quote currency) value traded over the past day.
Settings
- Rounding: Determines the number of decimal places for the percentage labels shown on the chart.
- From: The starting price source for the percentage calculation (e.g., Low).
- To: The ending price source for the percentage calculation (e.g., High).
- Anomaly Threshold (%): The percentage limit above which a bar is considered an abnormal movement.
- Show Volume: Toggles the display of volume labels on bars that exceed the anomaly threshold.
- Show Table: Toggles the visibility of the 24-hour volume dashboard in the bottom right corner.
FAQ
How do I interpret the percentage labels? The labels represent the price range of the candle relative to the "From" source. If the threshold is 1%, any label above 1.00 will trigger an anomaly highlight.
Can I set alerts for specific price jumps? Yes, the script includes alert conditions for "Anomaly Up," "Anomaly Down," and a general "Anomaly" alert which can be configured via the TradingView Alert menu.
How can I access the Scalp Pump-Dump Detector with Alerts? You can get access on the LuxAlgo Library for charting platforms like TradingView, MetaTrader (MT4/MT5), and NinjaTrader for free.
Trading & investing are risky and many will lose money in connection with trading and investing activities. All content on this site is not intended to, and should not be, construed as financial advice. Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Past performance does not guarantee future results.
Hypothetical or Simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, including, but not limited to, lack of liquidity. Simulated trading programs in general are designed with the benefit of hindsight, and are based on historical information. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown.
Testimonials appearing on this website may not be representative of other clients or customers and is not a guarantee of future performance or success.
As a provider of technical analysis tools and strategies, we do not have access to the personal trading accounts or brokerage statements of our customers. As a result, we have no reason to believe our customers perform better or worse than traders as a whole based on any content, tool, or platform feature we provide.
Charts used on this site are by TradingView in which the majority of our technical indicators are built on. TradingView® is a registered trademark of TradingView, Inc. www.TradingView.com TradingView® has no affiliation with the owner, developer, or provider of the Services described herein.
Market data is provided by CBOE, CME Group, BarChart, Massive, CoinAPI. Select U.S. equities data is provided through Massive. CBOE BZX real-time U.S. equities data is licensed from CBOE and provided through BarChart. Real-time futures data is licensed from CME Group and provided through BarChart. Select cryptocurrency data, including major coins, is provided through CoinAPI. All data is provided “as is” and should be verified independently for trading purposes.
This does not represent our full Disclaimer. Please read our full disclaimer.
© 2026 LuxAlgo Global, LLC.