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RED-E Fakeout Prevention Tool

🔺 RED-E Fakeout Prevention Tool – Volume-Based Confirmation Filter
Overview
The RED-E Fakeout Prevention Tool is designed to filter out unreliable price action by validating moves based on volume strength. It helps traders avoid fakeouts—false breakouts or breakdowns—by requiring that volume meets specific criteria before considering a move legitimate.
Key Settings & How It Works
🔊 Volume Threshold (8,900,000)
This sets a fixed minimum volume requirement. If a candle’s volume is below this threshold, it’s considered too weak to confirm a move.
📈 Use Relative Volume (Enabled)
When enabled, the tool compares current volume against the average volume over a specified period rather than relying solely on raw volume. This makes the tool adaptable across assets with different liquidity levels.
📊 Relative % (100%)
This defines the multiplier for relative volume. A 100% setting means volume must be at least equal to the average to trigger a confirmation. For example, if the average volume is 5 million, the current candle must also exceed 5 million.
⏱️ Periods for Avg (20)
This sets the number of previous candles used to calculate the average volume. A 20-period average ensures that only meaningful deviations from recent volume norms trigger signals.
Use Case
Traders can use this tool in conjunction with price patterns, breakouts, or trend-based strategies to confirm the validity of price moves. By focusing only on high-volume moves, the tool reduces the risk of acting on low-volume traps or fake signals
Overview
The RED-E Fakeout Prevention Tool is designed to filter out unreliable price action by validating moves based on volume strength. It helps traders avoid fakeouts—false breakouts or breakdowns—by requiring that volume meets specific criteria before considering a move legitimate.
Key Settings & How It Works
🔊 Volume Threshold (8,900,000)
This sets a fixed minimum volume requirement. If a candle’s volume is below this threshold, it’s considered too weak to confirm a move.
📈 Use Relative Volume (Enabled)
When enabled, the tool compares current volume against the average volume over a specified period rather than relying solely on raw volume. This makes the tool adaptable across assets with different liquidity levels.
📊 Relative % (100%)
This defines the multiplier for relative volume. A 100% setting means volume must be at least equal to the average to trigger a confirmation. For example, if the average volume is 5 million, the current candle must also exceed 5 million.
⏱️ Periods for Avg (20)
This sets the number of previous candles used to calculate the average volume. A 20-period average ensures that only meaningful deviations from recent volume norms trigger signals.
Use Case
Traders can use this tool in conjunction with price patterns, breakouts, or trend-based strategies to confirm the validity of price moves. By focusing only on high-volume moves, the tool reduces the risk of acting on low-volume traps or fake signals
Skrip dilindungi
Skrip ini diterbitkan sebagai sumber tertutup. Akan tetapi, anda boleh menggunakannya dengan percuma dan tanpa had – ketahui lebih lanjut di sini.
MARK N. ROGERS, MBA
Rogers1906.com
Rogers1906.com
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.
MARK N. ROGERS, MBA
Rogers1906.com
Rogers1906.com
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.