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High Volume Signal
High Volume Signal Indicator: Description
The "High Volume Signal" indicator is an advanced technical analysis tool for TradingView designed to identify short-term momentum signals. It combines volume analysis with trend direction (based on the EMA) and candlestick patterns to pinpoint potential entry opportunities for both long and short positions.
How It Works
The indicator looks for specific "setup" candles with exceptionally high volume.
Long Setup
A Long Setup signal is triggered when the indicator identifies a bearish (red) candle with high volume that is located above the 20-period EMA. The high volume on this bearish candle suggests a potential "selling climax," after which the price is likely to rise again. The indicator marks this setup candle with a red line above its high. A green upward arrow then appears if the price breaks above the high of this setup candle within 3 bars.
Short Setup
A Short Setup signal is triggered when the indicator identifies a bullish (green) candle with high volume that is located below the 20-period EMA. The high volume on this bullish candle suggests a potential "buying climax," after which the price is likely to fall again. The indicator marks this setup candle with a green line below its low. A red downward arrow then appears if the price breaks below the low of this setup candle within 3 bars.
Use Cases
This indicator is particularly suitable for short-term traders looking for potential reversal points within a trend. It can be used on various timeframes and serves as an additional confirmation tool to support trading decisions. It's recommended to use this indicator in combination with other analysis tools.
The "High Volume Signal" indicator is an advanced technical analysis tool for TradingView designed to identify short-term momentum signals. It combines volume analysis with trend direction (based on the EMA) and candlestick patterns to pinpoint potential entry opportunities for both long and short positions.
How It Works
The indicator looks for specific "setup" candles with exceptionally high volume.
Long Setup
A Long Setup signal is triggered when the indicator identifies a bearish (red) candle with high volume that is located above the 20-period EMA. The high volume on this bearish candle suggests a potential "selling climax," after which the price is likely to rise again. The indicator marks this setup candle with a red line above its high. A green upward arrow then appears if the price breaks above the high of this setup candle within 3 bars.
Short Setup
A Short Setup signal is triggered when the indicator identifies a bullish (green) candle with high volume that is located below the 20-period EMA. The high volume on this bullish candle suggests a potential "buying climax," after which the price is likely to fall again. The indicator marks this setup candle with a green line below its low. A red downward arrow then appears if the price breaks below the low of this setup candle within 3 bars.
Use Cases
This indicator is particularly suitable for short-term traders looking for potential reversal points within a trend. It can be used on various timeframes and serves as an additional confirmation tool to support trading decisions. It's recommended to use this indicator in combination with other analysis tools.
Skrip dilindungi
Skrip ini diterbitkan sebagai sumber tertutup. Akan tetapi, anda boleh menggunakannya dengan percuma dan tanpa had – ketahui lebih lanjut di sini.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Skrip dilindungi
Skrip ini diterbitkan sebagai sumber tertutup. Akan tetapi, anda boleh menggunakannya dengan percuma dan tanpa had – ketahui lebih lanjut di sini.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.