PROTECTED SOURCE SCRIPT

volume Pattern extremum

80
This Pine Script indicator detects potential local tops/bottoms when price makes a strong move on relatively low aggregated volume + long rejection wick.
Core logic in brief:
• Calculates z-scores for:
• Price (average of high/close/low)
• Combined volume (spot + perp)
• Signal conditions:
• Strong price impulse: z_price > +1.5 (top) or < –1.5 (bottom)
• Volume not extreme: z_volume < +1.0 (relatively low/normal)
• Candle has long wick: ≥70% of range (upper for top, lower for bottom)
• Plots small white triangles above (potential top) / below (potential bottom)
Main idea:
Significant price rejection on not very high volume with clear wick structure — often a sign of exhaustion, trap or weak move that may reverse.

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.