Volume Climax

Bitcoin / TetherUSBinance

Описание

⋅ 5 авг 2019 г., 01:48

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.

Информация о релизе

⋅ 5 авг 2019 г., 03:39

Added the ability to step up the multiplier by 0.1 increments. The previous one only allowed integer values.

Информация о релизе

⋅ 11 окт 2022 г., 21:10

Update to Pine v5

Relative Strength Index (RSI)Volume Indicator overbought oversold TOP bottom

Комментарии

arcivil2

⋅ 5 июля 2020 г., 21:28

Cant able to see the indicators in the chart.. its blank... Its still there ?

millerrh

⋅ 6 июля 2020 г., 01:55

@arcivil2, It turns the candles yellow when the conditions are met.

llucianomaia

⋅ 11 окт 2022 г., 17:15

Hello. Could you please forward the script so that I can integrate it with other indicators? My Trading View is still free, with limited indicators. :)

millerrh

⋅ 11 окт 2022 г., 18:09

@llucianomaia, I'm not sure what you are asking. The script code is there, so you could easily copy it and paste it into a single indicator to get around the limit.

llucianomaia

⋅ 11 окт 2022 г., 21:05

@millerrh, Does not open code. {...} does not appear like the others. It says the script is closed.

millerrh

⋅ 11 окт 2022 г., 21:11

@llucianomaia, Oh I see, for some reason I published this one as protected. I normally don't do that, so I'm not sure why. I tried to update it just now and change the protection to Open but it won't let me change it after the fact. Here's the code for you:

//@version=5

// Revision: 1
// Author: @millerrh
// Strategy: Identify oversold and overbought regions that have a volume climax - this can often signal the exhaustion of current trend.

indicator('Volume Climax', overlay=true)

// === INPUTS ===
volMult = input.float(title='Volume Trigger Multiplier', defval=2.5, step=0.1)
obRSI = input(title='Overbought RSI Level', defval=70)
osRSI = input(title='Oversold RSI Level', defval=30)

// === SETUP ===
xRSI = ta.rsi(close, 14)
overbought = obRSI
oversold = osRSI
xVol = ta.sma(volume, 20)
osClimax = xRSI < oversold and volume > xVol * volMult
obClimax = xRSI > overbought and volume > xVol * volMult

barcolor(osClimax ? color.yellow : na, title='Oversold Bar Color')
barcolor(obClimax ? color.yellow : na, title='Overbought Bar Color')

alertcondition(osClimax, title='Oversold Climax', message='Oversold Climax')
alertcondition(obClimax, title='Overbought Climax', message='Overbought Climax')

llucianomaia

⋅ 11 окт 2022 г., 21:17

@millerrh, Thank you very much, it will help a lot. I loved the tool

OversoldPOS

⋅ 27 авг 2023 г., 21:04

@millerrh, Thank you for this indicator. Works very well in calling tops and bottoms.

AbuAzam54

⋅ 18 мар 2022 г., 01:52

what means ^^ volume trigger multipler^^

and How can be used

millerrh

⋅ 18 мар 2022 г., 13:08

@AbuAzam54, Sorry if not clear, this is a multiplier above the average volume - in this case the average of the last 20 periods. So default is 1.5X. If the average volume is 4000, a value of 6000 would trigger this.

Ещё