BobRivera990

Custom Volume - Periodic Peaks & Troughs + Alert

This script is a custom volume indicator with additional features.
But why is this useful?
The minimum and maximum volumes, in different time periods, are displayed by labels below the bars. I call them "Peaks" and "Troughs".
Hover your mouse cursor over the labels to see more details.

These parameters are widely used in technical analysis .

If traders want to confirm a reversal on a level of support–or floor–they look for high buying volume . Conversely, if traders are looking to confirm a break in the level of support, they look for low volume from buyers.

If traders want to confirm a reversal on a level of resistance–or ceiling– they look for high selling volume . Conversely, if traders are looking to confirm a break in the level of resistance, they look for high volume from buyers.

For example, take a look at the chart.

Settings menu parameters
{Dialog Box} =>
Parameter to show / hide the dialog box.
{Visual Parameters} =>
Parameters to personalize the appearance of the indicator.
{ Alert Conditions Part 01: Peaks ⏰ "} =>
Parameters to customize the alert.
{ Alert Conditions Part 02: Troughs ⏰ "} =>
Parameters to customize the alert.
{Volume MA} =>
Moving average settings

How to use alerts
Note that by creating an alert, an instance of the indicator, with all your settings, will be activated on the site's server and alerts will be triggered by it.
After that, changing the indicator settings on the chart will no longer affect the alert.
  • Open the settings window and select the alert conditions as you wish
  • Click the Create Alert button (or press the A key while holding down the ALT key)
  • In the Condition section, select the name of the indicator.
  • Make the rest of the settings as you wish.
  • Finally, click on the Create button.
It's finished. After a few moments, your alert will be added to the Alerts menu.

Limits
  • The labels are displayed after the bars close.
  • Labels are displayed for the last 10,000 bars.

References: Investopedia
Versionshinweise: Handling of special situations where volume information is not provided by the vendor
Versionshinweise: The following bug (in free accounts) has been fixed:
"study references too many candles in history"
From now on, labels will be displayed for the last 5,000 bars.
Versionshinweise: You can now display report tables from the settings menu:
Versionshinweise: FIXED - Old labels were not removed
Versionshinweise: ✈️ Migrate to Pine version 5

Open-source Skript

Ganz im Spirit von TradingView hat der Autor dieses Skripts es als Open-Source veröffentlicht, damit Trader es besser verstehen und überprüfen können. Herzlichen Glückwunsch an den Autor! Sie können es kostenlos verwenden, aber die Wiederverwendung dieses Codes in einer Veröffentlichung unterliegt den Hausregeln. Sie können es als Favoriten auswählen, um es in einem Chart zu verwenden.

Haftungsausschluss

Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.

Möchten Sie dieses Skript auf einem Chart verwenden?