Soundwave by Hal Ariia
Soundwave displays the estimated, moving average, buy and sell volume.
When you load this script, it should start to make sense... but if it doesnt:
The VXX always wants to hit 0, so does the volume in this indicator.
Take a look at historical data, using this indicator, and look for how much the buy/sell volume sticks out of the moving average line... or the gaps from said volume and the MA line.
As volume decreases, and buy and sell are equally matched, you can expect consolidation.
I use it for entries, exists and resistance testing. If volume has been pretty solid as its coming up to a resistance, there is a high chance its going to break through.
Not much more I can say about this indicator outside of the standard price action / volume knowledge.
Brief description of the indicator: youtu.be/h3Jlb5A-wAY
Donate / Ko-Fi: ko-fi.com/elricsims
When you load this script, it should start to make sense... but if it doesnt:
The VXX always wants to hit 0, so does the volume in this indicator.
Take a look at historical data, using this indicator, and look for how much the buy/sell volume sticks out of the moving average line... or the gaps from said volume and the MA line.
As volume decreases, and buy and sell are equally matched, you can expect consolidation.
I use it for entries, exists and resistance testing. If volume has been pretty solid as its coming up to a resistance, there is a high chance its going to break through.
Not much more I can say about this indicator outside of the standard price action / volume knowledge.
Brief description of the indicator: youtu.be/h3Jlb5A-wAY
Donate / Ko-Fi: ko-fi.com/elricsims
Nota Keluaran:
Split the Volume Moving average from the Buy/Sell moving average, each are now configurable.
Nota Keluaran:
Added more flags and live alerts to attempt to tell price action of Up, Down, or Sideways (X)
Nota Keluaran:
Bug fixes
Nota Keluaran:
Bugs.. what is this, github?
Nota Keluaran:
Added configurable MAs alerts, and configurable time frames for the alerts.
Nota Keluaran:
Comments and code restructure, working on the mathematics behind the Icons.
Nota Keluaran:
Too many updates to go over, thanks all who are testing this right now. Check the settings for tooltips and such
Nota Keluaran:
table bugs
Nota Keluaran:
Formatted inputs, fixed signal line coloring issue, added threshold for weak / normal signal.
Nota Keluaran:
Added alerts on signal change
Nota Keluaran:
Changed SHORT to RED in alert