Support and Resistance Levels for 3 time frames, based on volume at fractal levels
Original script is thanks to synapticex I have just migrated to version 3 and heavily modified it
Was able to finally reverse engineer this
Will provide source to anyone who asks, just ask in the comments.
Both indicators up to show they're the same (or just check the labels)
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Volume Extensions PRO uses...
The Elder's Force Index is an oscillator that takes into account the change of the price combined with the volume:
EFI = (close of the current day - close of the previous day) * volume of the current day
If measure the force of the price change.
If you calculate the exponential moving average of the last two days to smooth the signal EMA(EFI,2), you have a...
Relative volume or RVOL for short is an indicator that is used to measure how 'In Play' the stock is. Simply put, it helps to quantify how interested everybody is in the given stock - higher the value, higher the interest and hence higher is the probability for movement in the stock.
I have tried to create RVOL (Relative Volume ) Indicator as per the description...
Disclamer : READ THIS BEFORE USING IT !!!
I have take and try to improuve the source code of indicator "intra-bar volume" by backtest-rookies.com
This indicator categorized the volume in lower timeframe, if the candle close up it's a buying volume, if it close down...
Beware that is not easy to work with different TF on tradingview so you have some limitation...
This indicator is VERY good ONLY when in a Trending market (When trends form). In a ranging market it kinda sucks.
Defaults settings set for BTC 4H chart.
Introduction
I have been asked by @Coppermine and @Verbena to make bands that use volume to provide adaptive results. My first approach was to use exponential averaging, in order to do so i needed to quantify volume movement using rescaling with the objective to make the bands go away from each others when there is low volume, this approach is efficient and can...
![BTCUSD: HawkEye Volume [aamonkey]](https://s3.tradingview.com/e/ew4sIvHp_mid.png "HawkEye Volume [aamonkey]")
![ETHUSD.P: Volume Extension PRO [DepthHouse]](https://s3.tradingview.com/d/dczX4BAP_mid.png "Volume Extension PRO [DepthHouse]")
