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Volume-Powered S/R Trader

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This advanced TradingView indicator combines volume analysis, dynamic support/resistance levels, and technical indicators to identify high-probability trading opportunities. It focuses on detecting institutional-level activity through volume spikes at key price levels.
Key Components
Volume Analysis Engine

Tracks volume spikes (150%+ of 20-period average)

Color-coded volume bars:

Green: Bullish volume spike (high volume + bullish candle)

Red: Bearish volume spike (high volume + bearish candle)

Dynamic Support/Resistance System

Auto-detects swing points using pivot high/low

Maintains rolling arrays of:

Support Levels (green semi-transparent lines)

Resistance Levels (red semi-transparent lines)

Displays only the 5 most recent levels for clarity

Trend Analysis

50-period EMA trend filter

RSI momentum indicator (14-period)

Trend direction classification:

Bullish: EMA rising

Bearish: EMA falling

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.