The purpose of this script is to determine the response of trading volume to price action This is not an indicator but a set of four signals
1 - Bullish Strength Signal (Upward Green Triangle) : If the resistance is broken at the same time is valid this signal indicates the continuation of the bullish trend the trading volume is relatively high. If the bar is closed above the resistance level, It will probably turn into support.
2 - Bullish Reversal Signal (Upward Black Triangle) : if the bar is closed above the support level is valid this signal indicates trend reversal after a bearish candle the trading volume is very high.
3 - Bearish Strength Signal (Downward Red Triangle) : If the Support is broken at the same time is valid this signal indicates the continuation of the bearish trend the trading volume is relatively high. If the bar is closed below the support level, It will probably turn into resistance.
4 - Bearish Reversal Signal (Downward Black Triangle) : if the bar is closed below the resistance level is valid this signal indicates trend reversal after a bullish candle the trading volume is very high.
I've been enjoying your indicator and would like access to the code so I can add better Alerts to it. Right now they're very weird to setup and don't give the correct signal.
Thanks in advance if you're still reading comments !
@BobRivera990, Hi there, have been using some of your open source indicators and reading a few of your tradingview articles.
I have to say it's been very insightful and uplifting as a new time trader and was wondering if these close source indicators would be accesible in some moment in time?
Appreciate your time and devotion.
Kind Regards
JP
BobRivera990
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@Jpdeletraz,
Thanks 💚,
I will publish it as soon as possible
I've been enjoying your indicator and would like access to the code so I can add better Alerts to it. Right now they're very weird to setup and don't give the correct signal.
Thanks in advance if you're still reading comments !