Dynamic Volume Oscillator [CryptoScripts]

The Dynamic Volume Oscillator uses a combination of volume and momentum to nail whenever a reversal is likely to happen. I've also included divergences (both regular and hidden) that you can toggle on/off and adjust the settings to fit your trading style.

Colors - The green wave indicates an uptrend while the purple wave indicates a downtrend.

Overbought/Oversold - Green backgrounds indicate the DVO is oversold and a reversal to the upside is likely to happen within the next few candles. Red backgrounds indicate the DVO is overbought and a reversal to the downside is likely to happen within the next few candles. You can adjust the levels to trigger when the signal flashes. Experiment with different timeframes/altcoins to see which settings work best. Some coins are more volatile than others and lower timeframes tend to reach higher levels vs higher timeframes.

Divergences - The settings of 1 and 3 for the lookbacks are so the divergence signal appears only 1 candle before the actual divergence happens (on the replay tool) vs 4-5 candles from other indicators. This means your entry on a divergence signal is 2 candles after it prints (for backtesting purposes).

Alerts - I also added alerts for Overbought, Oversold, Regular and Hidden Bearish/Bullish Divergences.

Let me know if you have any questions! Enjoy :)

Notas de Lançamento

Updated the default signal length from 5 to 3 for better overbought/oversold accuracy.

Script sob convite

Only users authorized by the author have access to this script, and this usually requires payment. You can add the script to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author — learn more here. For more details, follow the author's instructions below or contact CryptoScripts directly.

TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.

Instruções do autor

PM me to obtain access :) 🤝 Let's Connect: 🐦 Twitter - https://twitter.com/CryptoScripts1 📺 Youtube Indicator Tutorials - https://www.youtube.com/c/CryptoScripts 🌎 Check out our website coming soon! - https://www.cryptoscripts.com

Warning: please read our guide for invite-only scripts before requesting access.

CryptoScripts

🤝 Let's Connect:
🌎 Website - cryptoscripts.com
🐦 Twitter - twitter.com/CryptoScriptsAI
📺 Youtube Indicator Tutorials - youtube.com/c/CryptoScripts
📱 Facebook - facebook.com/CryptoScripts

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