OPEN-SOURCE SCRIPT
Volume based support resistance with Swing
There has been an endless debate on how to derive volume levels on the Price Action
One such method which I have encountered (being pointed by one of my followers Anjan Gadade)
is to take the (High+Low+close)/3, as an ambient level when volume is above average (sma20) and also when volume is above its Standard Deviation 2
To make sense of the volume level structure I tested it with Swing points, for extra confluence, and i must say, this can be used as a good indication of trend if combined together
So I thought to open Source it, to people who might be looking for a much visual Interpretation!
Enjoy!
One such method which I have encountered (being pointed by one of my followers Anjan Gadade)
is to take the (High+Low+close)/3, as an ambient level when volume is above average (sma20) and also when volume is above its Standard Deviation 2
To make sense of the volume level structure I tested it with Swing points, for extra confluence, and i must say, this can be used as a good indication of trend if combined together
So I thought to open Source it, to people who might be looking for a much visual Interpretation!
Enjoy!
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.
Get Ocs Ai Trader, Your personal Ai Trade Assistant here
→ ocstrader.com
About me
AlgoTrading Certification, ( University of Oxford, Säid Business School )
PGP Research Analysis, ( NISM, SEBI )
Electronics Engineer
→ ocstrader.com
About me
AlgoTrading Certification, ( University of Oxford, Säid Business School )
PGP Research Analysis, ( NISM, SEBI )
Electronics Engineer
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.
Get Ocs Ai Trader, Your personal Ai Trade Assistant here
→ ocstrader.com
About me
AlgoTrading Certification, ( University of Oxford, Säid Business School )
PGP Research Analysis, ( NISM, SEBI )
Electronics Engineer
→ ocstrader.com
About me
AlgoTrading Certification, ( University of Oxford, Säid Business School )
PGP Research Analysis, ( NISM, SEBI )
Electronics Engineer
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.