OPEN-SOURCE SCRIPT
Stan Weinstein Stage 2 Volume Analysis
Stan Weinstein's Stage 2 Volume Analysis focuses on identifying a key phase in his Stage Analysis method, which is the Stage 2 Uptrend. This stage signifies the start of a strong bullish trend, often accompanied by significant volume activity. Here's a concise description:
What is Stage 2?
Stage 2 is the advancing phase of a stock's lifecycle, characterized by rising prices and a breakout above a base (support zone) and the 30-week moving average.
Volume Characteristics in Stage 2:
Breakout Confirmation: A clear surge in volume (often 50% or more above the average) during the price breakout is a strong confirmation of Stage 2.
Sustained Momentum: Subsequent pullbacks should show lower volume, while further upward moves are accompanied by increasing volume.
Significance:
High volume during a breakout indicates strong institutional buying and broad market participation, reinforcing the breakout's reliability.
Helps traders and investors avoid false breakouts and identify high-probability trades.
This analysis integrates volume with price action and trend tools to assess the strength and validity of a Stage 2 breakout.
What is Stage 2?
Stage 2 is the advancing phase of a stock's lifecycle, characterized by rising prices and a breakout above a base (support zone) and the 30-week moving average.
Volume Characteristics in Stage 2:
Breakout Confirmation: A clear surge in volume (often 50% or more above the average) during the price breakout is a strong confirmation of Stage 2.
Sustained Momentum: Subsequent pullbacks should show lower volume, while further upward moves are accompanied by increasing volume.
Significance:
High volume during a breakout indicates strong institutional buying and broad market participation, reinforcing the breakout's reliability.
Helps traders and investors avoid false breakouts and identify high-probability trades.
This analysis integrates volume with price action and trend tools to assess the strength and validity of a Stage 2 breakout.
Script 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?
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.