OPEN-SOURCE SCRIPT
Volume Spike Retracement
Atualizado
█OVERVIEW
-Following many people's request to add "Volume" mode again in my "Institutional OrderBlock Pressure" script. I decided to release an improved
and full-fledged script. This will be the last OB/Retracement script I will release as we have explored every possible way to find them.
█HOW TO INTERPRET?
-The script uses the the 0.5 Pivot and the maximum value set for Volume Length to find 'Peak Volume'. Once these conditions are met,
the script starts creating a Retracement Line.
-By default, the Volume Length value is set to 89, which works well with most Timeframes following the OrderBlocks/Retracements
logic used in my scripts.
-You have the option to set Alerts when the "Volume Spike Limit" is reached or when a Price Crossing with a Line occurs.
█NOTES
-Yes Alerts appear instantly. Moreover, they are not 'confirmed', you must ALWAYS wait for confirmation before making a choice.
Good Trade everyone and remember, risk management remains the most important!
-Following many people's request to add "Volume" mode again in my "Institutional OrderBlock Pressure" script. I decided to release an improved
and full-fledged script. This will be the last OB/Retracement script I will release as we have explored every possible way to find them.
█HOW TO INTERPRET?
-The script uses the the 0.5 Pivot and the maximum value set for Volume Length to find 'Peak Volume'. Once these conditions are met,
the script starts creating a Retracement Line.
-By default, the Volume Length value is set to 89, which works well with most Timeframes following the OrderBlocks/Retracements
logic used in my scripts.
-You have the option to set Alerts when the "Volume Spike Limit" is reached or when a Price Crossing with a Line occurs.
█NOTES
-Yes Alerts appear instantly. Moreover, they are not 'confirmed', you must ALWAYS wait for confirmation before making a choice.
Good Trade everyone and remember, risk management remains the most important!
Notas de Lançamento
-Added volume spike 'Multiplier' option. (You can now choose yourself the pivot you want to use)-Minor improvements and code cleaning.
Notas de Lançamento
-Lines Price alignement correction. Notas de Lançamento
-Minor improvementScript de código aberto
No verdadeiro espírito do TradingView, o autor desse script o publicou como código aberto, para que os traders possam compreendê-lo e analisá-lo. Parabéns ao autor! Você pode usá-lo gratuitamente, mas a reutilização desse código em publicações é regida pelas Regras da Casa. Você pode favoritá-lo para usá-lo em um gráfico.
Quer usar esse script no gráfico?
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E-mail: support@ricksimpsontrading.com
E-mail: support@ricksimpsontrading.com
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