PROTECTED SOURCE SCRIPT
Updated GreyPool VSA Volume
GreyPool VSA Volume Indicator
Color Key:
Blue = Below Average or Low Volume
Purple = Average Volume
Orange = High Volume
Red = Very High Volume
Symbol Key:
Circle = Test on Low Volume
Diamond = TrapUp or TrapDown Bar on High or Very High Volume
Star = Climactic Action Bar
Background Highlight Key:
Green Background = Last 3 bar were increasing high or very high volume including a climactic action DOWN bar or trap DOWN bar
Red Background = Last 3 bars were increasing high or very high volume including a climactic action UP bar or trap UP bar
Available Alerts:
When a Green or Red background appears
When a Climactic Action Up or Down bar appears
Color Key:
Blue = Below Average or Low Volume
Purple = Average Volume
Orange = High Volume
Red = Very High Volume
Symbol Key:
Circle = Test on Low Volume
Diamond = TrapUp or TrapDown Bar on High or Very High Volume
Star = Climactic Action Bar
Background Highlight Key:
Green Background = Last 3 bar were increasing high or very high volume including a climactic action DOWN bar or trap DOWN bar
Red Background = Last 3 bars were increasing high or very high volume including a climactic action UP bar or trap UP bar
Available Alerts:
When a Green or Red background appears
When a Climactic Action Up or Down bar appears
Release Notes
Update: CA title nameRelease Notes
Added alert condition for "Very High Volume" (Red)Release Notes
Added alert condition for "High Volume" (Orange)Release Notes
Different timeframes require different low, high and ultra high volume levels. For example, the 5 minute timeframe's ultra high volume level is much higher than that of the 15min.We've added the functionality to configure the volume level ratios along with the length of the average line.
Inputs added:
Low Volume Ratio
High Volume Ratio
Ultra High Volume Ratio
Average Line SMA Length
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
GreyPool.io
Try our automated trading strategies at: greypool.io
Try our automated trading strategies at: greypool.io
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.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
GreyPool.io
Try our automated trading strategies at: greypool.io
Try our automated trading strategies at: greypool.io
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.