SuperTrend Volume [BigBeluga]

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:

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.

Nota Keluaran

- Added Colors

Nota Keluaran

- Added Colors

Nota Keluaran

- Max Volume Color

Nota Keluaran

- Volume Bars Update (now indicator displays more then 500 vol. bars)

Nota Keluaran

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