OPEN-SOURCE SCRIPT
Updated Extreme Volume Support Resistance Levels
Extreme Volume Support Resistance Levels are S/R levels(zones, basically), based on extreme volume .
Settings:
RU:
Extreme Volume Support Resistance Levels — это уровни S/R (зоны, в основном), основанные на избыточном объеме.
Параметры:
Settings:
- Lookback -- number of bars, which algorithm will be using;
- Volume Threshold Period -- period of MA (Volume MA), which smoothers volume in order to find the extremes;
- Volume Threshold Multiplier -- multiplier for Volume MA, which "lift" Volume MA and thus will provide the algorithm with more accurate extreme volume ;
- Number of zones to show -- number of last S/R zones, which will be shown on the chart.
RU:
Extreme Volume Support Resistance Levels — это уровни S/R (зоны, в основном), основанные на избыточном объеме.
Параметры:
- Lookback -- число баров, которое алгоритм будет использовать для расчётов;
- Volume Threshold Period -- период MA (Volume MA), которая сглаживает объем для нахождения экстремумов объёма;
- Volume Threshold Multiplier -- множитель для Volume MA, который "поднимает" Volume MA и тем самым обеспечивает алгоритм более точными значениями экстремального объёма;
- Количество зон для отображения -- количество оставшихся зон S/R, которые отображаются на графике.
Release Notes
Big update:+ MTF: now you can choose timeframes to extract data from and even create your own timeframes;
+ Logic update;
+ Structured documentation for curios people;
+ Dashboard(DB) for tracking your chosen MTF and current timeframe so you can easily distinguish one another;
+ Little customization for DB;
+ Minors.
Release Notes
+ Quick logic fix.Release Notes
+ Minors;Release Notes
+ Big logic fix, now algorigthm is nearly 10x faster and more efficient;+ Added little of customization for zones;
+ Changes in code documentation;
+ Minors;
Release Notes
+ Minors;Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.