The Arruda Bubbles indicator, developed by FabioJimenez for TradingView, is an all-in-one intraday overlay designed to read order flow, trend, and market structure on a single chart. Originally built for XAUUSD (gold) on 5-minute and 10-minute timeframes, it can be applied to any symbol with volume data.
The indicator features several key components, including volume bubbles that highlight unusual buy and sell activity, equal highs and lows (liquidity zones), exponential moving averages (EMA 5, 13, and 89), and a cloud between EMA 5 and 13. It also includes candle color coding to indicate trend direction, market structure analysis (highs, lows, break of structure), and a multi-timeframe trend table.
Additional tools include a Hull moving average for momentum, a delta/CVD panel to track buy-sell volume divergences, and a range filter to identify breakouts from sideways markets. The indicator generates signal labels with scores based on various conditions, suggesting entry, stop, and target levels.
Alerts are available for signals, cloud flips, break of structure, CVD divergences, and large volume bubbles. The script is intended for educational purposes and does not constitute financial advice.