Technique Linked Volume

Title: Technical-Linked Volume Analysis (Institutional Flow)
Description:
The Technical-Linked Volume (TLV) indicator is a professional analytical tool designed to bridge the gap between price action breakouts and volume confirmation. Unlike standard volume bars, this script identifies "High-Conviction Zones" by isolating the exact volume profile associated with technical structural shifts.
Core Functionality:
This indicator monitors price breakouts relative to a user-defined lookback period. When price breaks above a local high or below a local low (Technique Signal), the script captures the specific volume associated with that event and highlights it using a distinct Golden Technical Color.
Key Features:
• Signal Isolation: Differentiates between routine market noise and "Technical Signals" using a proprietary breakout logic.
• Liquidity Level Tracking: When a technical signal is triggered, the script projects a horizontal liquidity line from that specific volume bar. This helps traders visualize if subsequent price action is supported by institutional participation.
• Visual Synergy: Seamlessly integrates with standard volume aesthetics while providing an overlay of technical conviction for better decision-making.
How to Use:
1. Yellow/Golden Volume Bar: Indicates that the current candle has breached a recent structural high/low. This is a "Confirmation Signal."
2. Extended Volume Line: Acts as a liquidity benchmark. It shows the level of volume that was required to break the structure.
3. Customization: Fully adjustable lookback periods to match different trading styles, from scalping to swing trading.
Disclaimer:
This tool is for educational and analytical purposes only. It does not constitute financial advice. Past performance does not guarantee future results.