DepthHouse Volume Weighted Support and Resistance or VWSP uses calculations based on volume to determine possible levels of support and resistance.
--Options--
Moving Average Type: The first version supports 4 different moving averages for which the calculation are based upon. SMA (default) EMA, TEMA, DEMA more of these will be added based on popularity & requests
Factors: The Current version supports up to 3 different factors. This is what gives the VWSR the layering effect. The defaults are 2,3,4. However please feel free to adjust these to match your trading style.
Fill Debugger:This does nothing other than alters the fill spacing. This is used to to get rid of continuous fills if they ever occur. Does not effect calculations at all.
Try this indicator for FREE! Just leave a comment, or feel free to send me a PM
Notas de Lançamento
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Updated calculations to reduce plotting noise. Favorite Moving Average settings are 8 & 13.
Notas de Lançamento
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Primary lines now represent extreme levels of divergence.
Hey @depthHouse I would love to try this if possible! Thank you
MrGaggi
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Hi,
This is awesome, I have similar setup on google sheets but looks like above indicator is on another level. I really want to try it out. Thanks for all your efforts and great work around use of volume in different ways.
Please if you can allow me to use this inidicator.