Options Volume Indicator

• Volume Indicator for Option Trading, it is a simple indicator based on Relative Strength Index. There are two horizontal lines are mention 10 and -10, if bar crossed above the (Line 10) then go for buy and when Bar cross under (Line -10) go for sell side.
  
• If Bar Color changed to Respective color of the previous bar i.e. color gets darker then you can exit/ trail SL there because it overbought / Oversold position and vice versa for Sell Side.
  
• this volume indicator works on any Script.
  
• The Black Floating Line indicates the Average volume
  

Nota Keluaran:

Strategy Tester Added
Update Chart

Nota Keluaran:

• The Average RSI Line now more colorful
  
• Always wait for to change the line from red to green for more confirmation
  
• Some minor color changes , three zone specially if RSI crosses above 85 or 15 the Volume candle gets Purple it will shows the RSI is extreme Zone you can exit or wait for newer entry
  

Nota Keluaran:

• Minor changes in zones i.e. 90 and 10 are extreme overbought zones
  

Nota Keluaran:

• minor change
  

Nota Keluaran:

• Smoothing Methods added i.e. HMA & RSI
  

Nota Keluaran:

• RSI Smoothing Method Changes
  
• Easy to Navigate the RSI zone in quick manner
  

Nota Keluaran:

• Change in trend / volume shows on indicator by shape Diamond with its respective colors green for Long side and red for Put side.
  

Nota Keluaran:

• Trend Reversal Indication on Volume chart with black Dimond signal.
  

Nota Keluaran:

• Automatically Set Extreme zones as per the RSI zones
  

Nota Keluaran:

• Smoothing Method Added i.e. RMA
  

Nota Keluaran:

• Added independent Volume for Banknifty to check the average volume of Banknifty Index it acts a regime filter for RSI. for other indexes uncheck the banknifty option from setting pannel.
  

Nota Keluaran:

• Reversed the changes, take longer time to load while trading.
  

Nota Keluaran:

• Minor changes in code to improve performance
  

Nota Keluaran:

• More accurately Reversal Signal Can Work
  

Nota Keluaran:

• Smoothing Bug Fixed
  

Nota Keluaran:

• Minor Changes
  

Nota Keluaran:

Now you can change the Smoothing Period as well as the some minor changes

Nota Keluaran:

ALMA Confirmation added

Nota Keluaran:

Trend Cloud added help you to understand the trend direction such green represents the Buyers and Red represents the Sellers.
Hope you like it
Regards,
Mayur Supe

Nota Keluaran:

Small Timeframe changes

Nota Keluaran:

bug fixed

Nota Keluaran:

Now you will Detect the High Volume candle on indicator

Nota Keluaran:

The code completely changed
The volume threshold based volume added
reversal dot are draws according to bull and bear color

Hope you like this

Nota Keluaran:

minor bug fixed