INVITE-ONLY SCRIPT
Vol UP/DOWN BANDS V.1.1
Vol UP/DOWN BANDS V.1.1
Indicator Type: Volume-Based Bands and Price Moving Average Overlay
This invite-only indicator offers traders a valuable tool for identifying key shifts in market momentum through the interaction of volume dynamics and price action. The indicator plots upper and lower volume-based bands alongside a customizable price moving average (MA) to help reveal potential turning points in the market.
Key Features:
Volume-Based Upper and Lower Bands: These bands, derived from proprietary calculations of volume delta and price action, help distinguish between periods dominated by buyers or sellers. The green upper band highlights times when buyers are in control, while the red lower band indicates selling pressure is dominant.
Customizable Price Moving Average: The price MA (blue line) smooths out short-term price fluctuations, providing a clear reference point around which the volume bands fluctuate. This helps identify key shifts in market trends.
Flexible Timeframes: Users can customize the timeframe for volume calculations, giving the indicator greater flexibility across different markets and time horizons.
Smoothed Bands: The upper and lower bands are smoothed to reduce noise, allowing traders to focus on significant volume-driven price movements.
Chart Example: The chart above demonstrates how the upper band (green line) signals strong buying momentum, while the lower band (red line) indicates periods of heavy selling pressure. The price MA (blue line) serves as a central benchmark, helping to highlight significant trends in price action relative to volume.
Disclaimer: This script is for educational and informational purposes only and is not intended as financial or investment advice.
Indicator Type: Volume-Based Bands and Price Moving Average Overlay
This invite-only indicator offers traders a valuable tool for identifying key shifts in market momentum through the interaction of volume dynamics and price action. The indicator plots upper and lower volume-based bands alongside a customizable price moving average (MA) to help reveal potential turning points in the market.
Key Features:
Volume-Based Upper and Lower Bands: These bands, derived from proprietary calculations of volume delta and price action, help distinguish between periods dominated by buyers or sellers. The green upper band highlights times when buyers are in control, while the red lower band indicates selling pressure is dominant.
Customizable Price Moving Average: The price MA (blue line) smooths out short-term price fluctuations, providing a clear reference point around which the volume bands fluctuate. This helps identify key shifts in market trends.
Flexible Timeframes: Users can customize the timeframe for volume calculations, giving the indicator greater flexibility across different markets and time horizons.
Smoothed Bands: The upper and lower bands are smoothed to reduce noise, allowing traders to focus on significant volume-driven price movements.
Chart Example: The chart above demonstrates how the upper band (green line) signals strong buying momentum, while the lower band (red line) indicates periods of heavy selling pressure. The price MA (blue line) serves as a central benchmark, helping to highlight significant trends in price action relative to volume.
Disclaimer: This script is for educational and informational purposes only and is not intended as financial or investment advice.
Invite-only script
Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact ata_sabanci for more information, or follow the author's instructions below.
TradingView does not suggest paying for a script and using it unless you 100% trust its author and understand how the script works. In many cases, you can find a good open-source alternative for free in our Community Scripts.
Author's instructions
″To request access to this script, please contact me via email at ata.sabanci@outlook.com or reach out on X (formerly Twitter) at @sabanci_ata. Be sure to provide your TradingView username and a brief note explaining your interest in using the script.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.