OPEN-SOURCE SCRIPT
SuperTrend Volume [BigBeluga]
Обновлено
SuperTrend Volume [BigBeluga] is an advanced trend-following indicator that combines the traditional SuperTrend method with a normalized volume visualization inside trend bands, offering enhanced insight into market dynamics and volume activity.
🔵Key Features:
🔵Usage:
SuperTrend Volume [BigBeluga] is a versatile tool suitable for traders who want to combine trend analysis with volume dynamics for a more comprehensive view of the market. It is ideal for identifying trend strength, detecting reversals, and gauging the participation of market players during directional moves.
🔵Key Features:
- Dynamic Trend Bands: The indicator uses the SuperTrend methodology to plot upper and lower trend bands, which adapt dynamically to price movements. Green bands indicate an uptrend, while purple bands indicate a downtrend.
- Normalized Volume Visualization:
- Inside the trend bands, normalized volume is displayed to highlight the intensity of market participation during trends.
- Users can choose between two visualization types:
- Bars: Displays volume as vertical bars within the bands.
- Area: Represents volume as a shaded area for a smoother look.
- Color-Coded Trends: Trend direction is color-coded:
- Green for bullish trends.
- Purple for bearish trends.
- Volume Labels: Each bar or area has a label showing the normalized volume value 0-4 for easier interpretation.
- Trend Change Detection: Automatically identifies trend reversals by recalculating the SuperTrend levels and adjusting volume visualization accordingly.
🔵Usage:
- Trend Identification: Use the color-coded trend bands to confirm the current market direction and identify potential reversals.
- Volume Confirmation: Assess the strength of trends using normalized volume inside the bands. Higher normalized volume indicates stronger market conviction.
- Peak Volume can be a signal of the mean reversion of price
- Customization: Adjust the visualization type (bars or area) based on personal preference or analysis needs.
- Dynamic Updates: Use volume labels and trend bands to stay updated on market shifts and trading opportunities in real time.
SuperTrend Volume [BigBeluga] is a versatile tool suitable for traders who want to combine trend analysis with volume dynamics for a more comprehensive view of the market. It is ideal for identifying trend strength, detecting reversals, and gauging the participation of market players during directional moves.
Информация о релизе
- Added ColorsИнформация о релизе
- Added ColorsИнформация о релизе
- Max Volume ColorСкрипт с открытым кодом
В истинном духе TradingView автор этого скрипта опубликовал его с открытым исходным кодом, чтобы трейдеры могли понять, как он работает, и проверить на практике. Вы можете воспользоваться им бесплатно, но повторное использование этого кода в публикации регулируется Правилами поведения. Вы можете добавить этот скрипт в избранное и использовать его на графике.
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All scripts & content provided by BigBeluga are for informational & educational purposes only.
🔵Join our free discord for updates : bigbeluga.com/discord
All scripts & content provided by BigBeluga are for informational & educational purposes only.
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