Volume bar range

16 jam lalu

# Volume Bar Range (VBR) Indicator

## Overview
The Volume Bar Range indicator identifies key support and resistance levels based on high-volume price bars. It creates a visual range that represents significant price levels where the market has shown strong interest through volume confirmation.

## Features

### Visual Range Display
- **Blue/Aqua Area**: Shows the price range of the highest volume bar within the lookback period
- **Dynamic Color**: The fill color changes to indicate whether the range is stable (aqua) or newly updated (white)
- **Boundary Lines**: Invisible white lines mark the upper and lower boundaries of the range

### Trading Signals
- **BUY Signal**: Blue upward arrow appears when price breaks above the resistance level with volume confirmation
- **SELL Signal**: Black downward arrow appears when price breaks below the support level with volume confirmation

## How to Use

### Setup
1. Apply the indicator to any chart
2. The indicator automatically identifies the highest volume bar in the last 55 periods
3. The price range of this high-volume bar becomes your support/resistance zone

### Trading Strategy
- **Range Trading**: Trade within the identified support/resistance range
- **Breakout Trading**: Enter positions when price breaks above resistance (BUY) or below support (SELL)
- **Volume Confirmation**: Only take signals when current volume exceeds the 21-period average

### Signal Interpretation
- **BUY Signal**: Price closes above the resistance level with above-average volume
- **SELL Signal**: Price closes below the support level with above-average volume
- **No Signal**: Price remains within the range or volume is insufficient

## Key Parameters
- **Lookback Period**: 55 bars (automatically identifies the highest volume bar)
- **Volume MA**: 21-period simple moving average for volume confirmation
- **Signal Size**: Tiny markers to avoid chart clutter

## Best Practices
- Use on multiple timeframes for confirmation
- Combine with other technical indicators for stronger signals
- Pay attention to the color changes in the range area
- Consider market context and overall trend direction

## Ideal Markets
- Works well on liquid markets with consistent volume patterns
- Effective on stocks, forex, and crypto markets
- Best suited for swing trading and medium-term analysis

This indicator is particularly useful for traders who rely on volume analysis and want to identify key price levels where the market has shown significant interest.

5 jam lalu

Nota Keluaran

# Volume Bar Range (VBR) Indicator

## Overview
The Volume Bar Range indicator identifies key support and resistance levels based on high-volume price bars. It creates a visual range that represents significant price levels where the market has shown strong interest through volume confirmation.

## Features

### Visual Range Display
- **Blue/Aqua Area**: Shows the price range of the highest volume bar within the lookback period
- **Dynamic Color**: The fill color changes to indicate whether the range is stable (aqua) or newly updated (white)
- **Boundary Lines**: Invisible white lines mark the upper and lower boundaries of the range

### Trading Signals
- **BUY Signal**: Blue upward arrow appears when price breaks above the resistance level with volume confirmation
- **SELL Signal**: Black downward arrow appears when price breaks below the support level with volume confirmation

## How to Use

### Setup
1. Apply the indicator to any chart
2. The indicator automatically identifies the highest volume bar in the last 55 periods
3. The price range of this high-volume bar becomes your support/resistance zone

### Trading Strategy
- **Range Trading**: Trade within the identified support/resistance range
- **Breakout Trading**: Enter positions when price breaks above resistance (BUY) or below support (SELL)
- **Volume Confirmation**: Only take signals when current volume exceeds the 21-period average

### Signal Interpretation
- **BUY Signal**: Price closes above the resistance level with above-average volume
- **SELL Signal**: Price closes below the support level with above-average volume
- **No Signal**: Price remains within the range or volume is insufficient

## Key Parameters
- **Lookback Period**: 55 bars (automatically identifies the highest volume bar)
- **Volume MA**: 21-period simple moving average for volume confirmation
- **Signal Size**: Tiny markers to avoid chart clutter

## Best Practices
- Use on multiple timeframes for confirmation
- Combine with other technical indicators for stronger signals
- Pay attention to the color changes in the range area
- Consider market context and overall trend direction

## Ideal Markets
- Works well on liquid markets with consistent volume patterns
- Effective on stocks, forex, and crypto markets
- Best suited for swing trading and medium-term analysis

This indicator is particularly useful for traders who rely on volume analysis and want to identify key price levels where the market has shown significant interest.