PROTECTED SOURCE SCRIPT
Updated Volume Climax
This indicator couples RSI oversold and overbought regions with unusual volume . Often times you will see the final leg of a trend exhaust itself with this volume climax. This indicator is meant to help spot these instances.
User has the ability to customize oversold and overbought regions as well as a multiplier for how much more the volume needs to be relative to the 20 SMA . You can also set an alert with this indicator.
User has the ability to customize oversold and overbought regions as well as a multiplier for how much more the volume needs to be relative to the 20 SMA . You can also set an alert with this indicator.
Release Notes
Added the ability to step up the multiplier by 0.1 increments. The previous one only allowed integer values.Release Notes
Update to Pine v5
Protected script
This script is published closed-source and you may privately use it freely.
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