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FeraTrading Relative Volume Indicator

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This FeraTrading Relative Volume Indicator measures relative volume pressure by comparing buying and selling activity, smoothed using a configurable average. It helps traders identify volume-driven momentum shifts, offering dynamic buy and sell signals based on weighted pressure values.

Key Features:
📈 Relative Volume (RV) Line: Measures net buying/selling pressure using volume-weighted price action.

🟢 Buy Signals: Triggered when RV crosses above a smoothed moving average (SMA 1).

🔴 Sell Signals (optional): Triggered when RV crosses below a separate SMA (SMA 2).

🔍 Customizable Inputs: Adjust smoothing length, weight, and signal sensitivity.

🕯️ Weighted Candles (optional): Visualizes custom OHLC based on volume-weighted volatility.

📊 Two SMAs: Use separate or combined moving averages to analyze trends in pressure.

🎨 Flexible Styling: Customize line and signal colors to match your chart setup.

Use Cases:
Spotting accumulation/distribution phases

Timing entries during volume surges

Confirming breakout momentum with underlying volume pressure

This indicator was developed by FeraTradingto visualize relative volume pressure.

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.