OPEN-SOURCE SCRIPT
DecisionPoint Volume Swenlin Trading Oscillator [LazyBear]
This is the volume version of "DecisionPoint Breadth Swenlin Trading Oscillator"
DecisionPoint Swenlin Trading Oscillator can be used to identify short-term tops and bottoms. You can read about the interpretation of the signals (& gotchas) in the link below.
I have added support for NYSE / NASD / AMEX and also a combined mode. You can specify custom advancing/declining volume symbols too.
More Info:
DBSTO:![DecisionPoint Breadth Swenlin Trading Oscillator [LazyBear]](https://s3.tradingview.com/t/tSiv4FOr_mid.png)
Article: stockcharts.com/school/doku.php?id=chart_school:technical_indicators:dpstov
List of my public indicators: bit.ly/1LQaPK8
List of my app-store indicators: blog.tradingview.com/?p=970
Having both Swenlin Breadth and Volume oscillators help spot the divergences quickly:
DecisionPoint Swenlin Trading Oscillator can be used to identify short-term tops and bottoms. You can read about the interpretation of the signals (& gotchas) in the link below.
I have added support for NYSE / NASD / AMEX and also a combined mode. You can specify custom advancing/declining volume symbols too.
More Info:
DBSTO:
Article: stockcharts.com/school/doku.php?id=chart_school:technical_indicators:dpstov
List of my public indicators: bit.ly/1LQaPK8
List of my app-store indicators: blog.tradingview.com/?p=970
Having both Swenlin Breadth and Volume oscillators help spot the divergences quickly:
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.
Want to use this script on a chart?
List of my free indicators: bit.ly/1LQaPK8
List of my indicators at Appstore: blog.tradingview.com/?p=970
List of my indicators at Appstore: blog.tradingview.com/?p=970
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.