AMT Tape Signals
Volume tape breakout signals with moving average filtering
Displays indications when Volume Tape exceeds a specified distance, measured in standard deviations, from the average Volume. Signals can be filtered based on the location of current price vs. a moving average, giving optimized directional signals.
The Concept
Tape Signals detects unusual volume activity relative to recent norms using statistical deviation. When volume surges beyond a configurable distance from its moving average, the study generates buy or sell signals. An optional moving average filter ensures signals align with the prevailing trend direction, reducing noise from counter-trend events.
How to Read It
Triangles and dots mark signal events on the price chart.
- Tape Buy (triangle up) — volume surge with bullish conditions met
- Tape Sell (triangle down) — volume surge with bearish conditions met
- Absorption Buy/Sell (dots) — a secondary signal tier for notable but less extreme volume events
- When the MA filter is enabled, only signals aligned with trend direction are shown
Practical Tips
The Signal Level controls sensitivity — lower values produce more signals, higher values filter to only extreme volume events. Enable the MA filter to reduce noise by showing only trend-aligned signals. The Filter Moving Average type and length let you match the trend filter to your trading style. Works on any chart type.
Input & Settings
| No. | Input Name | Function |
|---|---|---|
| 1 | Moving Average: Type | Defines the Moving Average type to be applied to Volume Tape data. |
| 2 | Moving Average: Length | Sets the length of the Volume Tape Moving Average, and the period for standard deviation calculations. Min: 1, Max: 1000000. |
| 3 | Absorption: Signal Level | Sets the level, in standard deviations from the average Volume Tape, at which Absorption signals are triggered. Min: 0.01, Max: 10. |
| 4 | Absorption: Symbol Offset | Defines the distance, in ticks, offset above/below the bar high/low at which to display Absorption symbols. Min: 0, Max: 1000. |
| 5 | Tape: Signal Level | Sets the level, in standard deviations from the average Volume Tape, at which Tape Buy/Sell signals are triggered. Min: 0.01, Max: 10. |
| 6 | Tape: Symbol Offset | Defines the distance, in ticks, offset above/below the bar high/low at which to display Tape Buy/Sell symbols. Min: 0, Max: 1000. |
| 7 | Filter Signals Based on Moving Average | When enabled, Absorption and Tape signals are filtered based on the location of current price with respect to the Filter Moving Average. Price above: Display only Buy signals. Price below: Display only Sell signals. |
| 8 | Filter Moving Average: Input Data | Defines the data upon which to base the Filter Moving Average. |
| 9 | Filter Moving Average: Type | Defines the type of the Filter Moving Average. |
| 10 | Filter Moving Average: Length | Sets the length of the Filter Moving Average. Min: 1, Max: 1000000. |
Defines the Moving Average type to be applied to Volume Tape data.
Sets the length of the Volume Tape Moving Average, and the period for standard deviation calculations. Min: 1, Max: 1000000.
Sets the level, in standard deviations from the average Volume Tape, at which Absorption signals are triggered. Min: 0.01, Max: 10.
Defines the distance, in ticks, offset above/below the bar high/low at which to display Absorption symbols. Min: 0, Max: 1000.
Sets the level, in standard deviations from the average Volume Tape, at which Tape Buy/Sell signals are triggered. Min: 0.01, Max: 10.
Defines the distance, in ticks, offset above/below the bar high/low at which to display Tape Buy/Sell symbols. Min: 0, Max: 1000.
When enabled, Absorption and Tape signals are filtered based on the location of current price with respect to the Filter Moving Average. Price above: Display only Buy signals. Price below: Display only Sell signals.
Defines the data upon which to base the Filter Moving Average.
Defines the type of the Filter Moving Average.
Sets the length of the Filter Moving Average. Min: 1, Max: 1000000.
Subgraphs
| No. | Subgraph Name | Function & Comments |
|---|---|---|
| 1 | Tape - Buy | Default: Triangle Up. Displays a symbol at/below the low of the chart bar when a Tape - Buy signal is generated. |
| 2 | Tape - Sell | Default: Triangle Down. Displays a symbol at/above the high of the chart bar when a Tape - Sell signal is generated. |
| 3 | Absorption - Buy | Default: Point. Displays a symbol at/below the low of the chart bar when an Absorption - Buy signal is generated. |
| 4 | Absorption - Sell | Default: Point. Displays a symbol at/above the high of the chart bar when an Absorption - Sell signal is generated. |
| 5 | Tape | Default: Ignore. Stores the calculated value for Tape at each chart bar. |
| 6 | Band 2 - Up | Default: Ignore. Stores the calculated positive Tape Signal level at each chart bar. |
| 7 | Band 1 - Up | Default: Ignore. Stores the calculated positive Absorption Signal level at each chart bar. |
| 8 | Band 1 - Down | Default: Ignore. Stores the calculated negative Absorption Signal level at each chart bar. |
| 9 | Band 2 - Down | Default: Ignore. Stores the calculated negative Tape Signal level at each chart bar. |
| 10 | Cloud Top - Up | Default: Ignore. Stores the calculated positive Tape Signal level at each chart bar. |
| 11 | Cloud Bottom - Up | Default: Ignore. Stores the calculated positive Absorption Signal level at each chart bar. |
| 12 | Cloud Top - Down | Default: Ignore. Stores the calculated negative Absorption Signal level at each chart bar. |
| 13 | Cloud Bottom - Down | Default: Ignore. Stores the calculated negative Tape Signal level at each chart bar. |
| 14 | Moving Average | Default: Line. Displays the Filter Moving Average. |
Default: Triangle Up. Displays a symbol at/below the low of the chart bar when a Tape - Buy signal is generated.
Default: Triangle Down. Displays a symbol at/above the high of the chart bar when a Tape - Sell signal is generated.
Default: Point. Displays a symbol at/below the low of the chart bar when an Absorption - Buy signal is generated.
Default: Point. Displays a symbol at/above the high of the chart bar when an Absorption - Sell signal is generated.
Default: Ignore. Stores the calculated value for Tape at each chart bar.
Default: Ignore. Stores the calculated positive Tape Signal level at each chart bar.
Default: Ignore. Stores the calculated positive Absorption Signal level at each chart bar.
Default: Ignore. Stores the calculated negative Absorption Signal level at each chart bar.
Default: Ignore. Stores the calculated negative Tape Signal level at each chart bar.
Default: Ignore. Stores the calculated positive Tape Signal level at each chart bar.
Default: Ignore. Stores the calculated positive Absorption Signal level at each chart bar.
Default: Ignore. Stores the calculated negative Absorption Signal level at each chart bar.
Default: Ignore. Stores the calculated negative Tape Signal level at each chart bar.
Default: Line. Displays the Filter Moving Average.
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