OPEN-SOURCE SCRIPT
SR vs Volume
The main idea is that the volume confirms the price.
Volume part is based on the Volume with Direction indicator, but modified - now: 1) it is not restricted by length and uses all available data 2) it absolute, not relative.
The SR part is also based on identifying high/low/higherhigh/lowerlow. On price it uses wicks.
Then script trying to predict possible divergencies.
It "predicts" because it is using not confirmed HH and LL: for example, any high over resistance counts as HH.
SR plotting is available in options.
Scrypt plots dots:
hidden bear div =color.orange
hidden bull div =color.lime
bear_div =color.maroon
bull_div =color.green
Because of using unconfirmed HHLL states this dots is early signals, needs to be manually verified.
By standard only first dot of signal plots, plotting of signal tails is available in options.
Commentary for the screenshot.
Green dots pointed by arrows is signaling for bull div, it confirms on VD indicator bellow.
The first pointed (lower) maroon dot is faked because of VD indicator not confirmed HL. This have no tails as it was invalidated on the next candle.
The second pointed (upper) maroon dot is bear div: HH by price and LH by volume.
Volume part is based on the Volume with Direction indicator, but modified - now: 1) it is not restricted by length and uses all available data 2) it absolute, not relative.
The SR part is also based on identifying high/low/higherhigh/lowerlow. On price it uses wicks.
Then script trying to predict possible divergencies.
It "predicts" because it is using not confirmed HH and LL: for example, any high over resistance counts as HH.
SR plotting is available in options.
Scrypt plots dots:
hidden bear div =color.orange
hidden bull div =color.lime
bear_div =color.maroon
bull_div =color.green
Because of using unconfirmed HHLL states this dots is early signals, needs to be manually verified.
By standard only first dot of signal plots, plotting of signal tails is available in options.
Commentary for the screenshot.
Green dots pointed by arrows is signaling for bull div, it confirms on VD indicator bellow.
The first pointed (lower) maroon dot is faked because of VD indicator not confirmed HL. This have no tails as it was invalidated on the next candle.
The second pointed (upper) maroon dot is bear div: HH by price and LH by volume.
Script open-source
Dans l'esprit de TradingView, le créateur de ce script l'a rendu open-source, afin que les traders puissent examiner et vérifier sa fonctionnalité. Bravo à l'auteur! Vous pouvez l'utiliser gratuitement, mais n'oubliez pas que la republication du code est soumise à nos Règles.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Script open-source
Dans l'esprit de TradingView, le créateur de ce script l'a rendu open-source, afin que les traders puissent examiner et vérifier sa fonctionnalité. Bravo à l'auteur! Vous pouvez l'utiliser gratuitement, mais n'oubliez pas que la republication du code est soumise à nos Règles.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.