Scalp Pump-Dump Detector with Alerts

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.