MTP VS

The MTP VS Indicator is designed to identify high volume spikes, with the aim of finding “fake-outs”, where markets break out from previous swing highs or lows but then reverse at levels of MTP DP support/resistance. This is usually where the “professional money” enters the market to produce a sharp swing in the opposite direction. For more detail of the MTP DP support/resistance levels, please visit the publication of the MTP Decision Point (DP) script.

There is a risk in Trading and Investing. Losses can and will unfold.

The script is available as an “invite-only” script, as part of the MTPredictor suite of tools on Trading View.

To obtain access, please go to the web page in our signature that appears below.

Release Notes

This new version has been rewritten from the ground up to take advantage of the new features that are available in Pine Script v5, as well as their new Library functions. This increases efficiency of the scripts and as such increased reliability.

Current users upgrade instructions: Please remove the old script and then add this new one onto all of your Charts, to update to the latest version.

Invite-only script

Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact MTPredictor directly.

TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.

Author's instructions

Warning: please read our guide for invite-only scripts before requesting access.

MTPredictor

MTPredictor Professional Trading Software: mtpredictor.com
Trading View Scripts: mtpredictor.com/tradingview
Help Videos: mtpredictor.com/tradingviewhelp/

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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.