OPEN-SOURCE SCRIPT

Options Volume Indicator

Aktualisiert
  • 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







Versionshinweise
Strategy Tester Added
Update Chart
Versionshinweise
  • 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
Versionshinweise
  • Minor changes in zones i.e. 90 and 10 are extreme overbought zones
Versionshinweise
  • minor change
Versionshinweise
  • Smoothing Methods added i.e. HMA & RSI
Versionshinweise
  • RSI Smoothing Method Changes
  • Easy to Navigate the RSI zone in quick manner
Versionshinweise
  • Change in trend / volume shows on indicator by shape Diamond with its respective colors green for Long side and red for Put side.
Versionshinweise
  • Trend Reversal Indication on Volume chart with black Dimond signal.
Versionshinweise
  • Automatically Set Extreme zones as per the RSI zones
Versionshinweise
  • Smoothing Method Added i.e. RMA
Versionshinweise
  • 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.
Versionshinweise
  • Reversed the changes, take longer time to load while trading.
Versionshinweise
  • Minor changes in code to improve performance
Versionshinweise
  • More accurately Reversal Signal Can Work
Versionshinweise
  • Smoothing Bug Fixed
Versionshinweise
  • Minor Changes
Versionshinweise
Now you can change the Smoothing Period as well as the some minor changes
Versionshinweise
ALMA Confirmation added
Versionshinweise
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
Versionshinweise
Small Timeframe changes
Versionshinweise
bug fixed
Versionshinweise
Now you will Detect the High Volume candle on indicator
Versionshinweise
The code completely changed
The volume threshold based volume added
reversal dot are draws according to bull and bear color

Hope you like this
Versionshinweise
minor bug fixed
Relative Strength Index (RSI)rsidivrsivolrsivolumevolumesVolume

Open-source Skript

Ganz im Sinne von TradingView hat dieser Autor sein/ihr Script als Open-Source veröffentlicht. Auf diese Weise können nun das Script auch andere Trader verstehen und prüfen. Vielen Dank an den Autor! Sie können das Script kostenlos verwenden. Die Nutzung dieses Codes in einer Veröffentlichung wird in unseren Hausregeln reguliert. Sie können es als Favoriten auswählen, um es in einem Chart zu verwenden.

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