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Volume Climax

This indicator couples RSI oversold and overbought regions with unusual volume . Often times you will see the final leg of a trend exhaust itself with this volume climax. This indicator is meant to help spot these instances.

User has the ability to customize oversold and overbought regions as well as a multiplier for how much more the volume needs to be relative to the 20 SMA . You can also set an alert with this indicator.
Notes de version
Added the ability to step up the multiplier by 0.1 increments. The previous one only allowed integer values.
Notes de version
Update to Pine v5

Clause de non-responsabilité