OPEN-SOURCE SCRIPT
Iron Cortex: Volume Analysis
Description:
This Volume Analysis indicator is designed to identify potential buying and selling pressures in the market by analysing volume and price changes in conjunction with dual Exponential Moving Averages (EMAs).
Signal Identification:
Buying Pressure: This signal is identified when:
i) Volume is rising and the price is increasing.
ii) The current volume is above both the fast and slow EMAs of the volume.
iii) The fast EMA is above the slow EMA.
Selling Pressure: This signal is identified when:
i) Volume is rising and the price is decreasing.
ii) The current volume is above both the fast and slow EMAs of the volume.
iii) The fast EMA is above the slow EMA.
Interpretation:
When the volume bars change to the specified colours, it indicates potential buying or selling pressure based on the underlying conditions. Teal is buying pressure, red is selling pressure.
Use this information in conjunction with other technical analysis tools to make informed trading decisions. As with all indicators, expect some false signals in choppy markets.
This indicator is useful for traders who want to incorporate volume analysis with price trends and EMA crossovers to identify strong market movements. Adjust the settings to fit your trading strategy and enhance your market analysis.
This Volume Analysis indicator is designed to identify potential buying and selling pressures in the market by analysing volume and price changes in conjunction with dual Exponential Moving Averages (EMAs).
Signal Identification:
Buying Pressure: This signal is identified when:
i) Volume is rising and the price is increasing.
ii) The current volume is above both the fast and slow EMAs of the volume.
iii) The fast EMA is above the slow EMA.
Selling Pressure: This signal is identified when:
i) Volume is rising and the price is decreasing.
ii) The current volume is above both the fast and slow EMAs of the volume.
iii) The fast EMA is above the slow EMA.
Interpretation:
When the volume bars change to the specified colours, it indicates potential buying or selling pressure based on the underlying conditions. Teal is buying pressure, red is selling pressure.
Use this information in conjunction with other technical analysis tools to make informed trading decisions. As with all indicators, expect some false signals in choppy markets.
This indicator is useful for traders who want to incorporate volume analysis with price trends and EMA crossovers to identify strong market movements. Adjust the settings to fit your trading strategy and enhance your market analysis.
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オープンソーススクリプト
TradingViewの精神に則り、このスクリプトの作者はコードをオープンソースとして公開してくれました。トレーダーが内容を確認・検証できるようにという配慮です。作者に拍手を送りましょう！無料で利用できますが、コードの再公開はハウスルールに従う必要があります。
免責事項
この情報および投稿は、TradingViewが提供または推奨する金融、投資、トレード、その他のアドバイスや推奨を意図するものではなく、それらを構成するものでもありません。詳細は利用規約をご覧ください。