OPEN-SOURCE SCRIPT
Threshold-Based Delta Price-Volume Strategy
This strategy observed change in price with reference to change in volume.
Rising Price (Strong Buy):
Price change > 3%.
Volume change > 10%.
Falling Price (Strong Buy):
Price change < -4%.
Volume change < 4%.
Rising Price (Strong Buy):
Price change > 3%.
Volume change > 10%.
Falling Price (Strong Buy):
Price change < -4%.
Volume change < 4%.
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
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