PROTECTED SOURCE SCRIPT
Updated Soundwave by Hal Ariia
Soundwave displays the estimated, moving average, buy and sell volume.
When you load this script, it should start to make sense... but if it doesnt:
The VXX always wants to hit 0, so does the volume in this indicator.
Take a look at historical data, using this indicator, and look for how much the buy/sell volume sticks out of the moving average line... or the gaps from said volume and the MA line.
As volume decreases, and buy and sell are equally matched, you can expect consolidation.
I use it for entries, exists and resistance testing. If volume has been pretty solid as its coming up to a resistance, there is a high chance its going to break through.
Not much more I can say about this indicator outside of the standard price action / volume knowledge.
Brief description of the indicator: youtu.be/h3Jlb5A-wAY
Donate / Ko-Fi: ko-fi.com/elricsims
When you load this script, it should start to make sense... but if it doesnt:
The VXX always wants to hit 0, so does the volume in this indicator.
Take a look at historical data, using this indicator, and look for how much the buy/sell volume sticks out of the moving average line... or the gaps from said volume and the MA line.
As volume decreases, and buy and sell are equally matched, you can expect consolidation.
I use it for entries, exists and resistance testing. If volume has been pretty solid as its coming up to a resistance, there is a high chance its going to break through.
Not much more I can say about this indicator outside of the standard price action / volume knowledge.
Brief description of the indicator: youtu.be/h3Jlb5A-wAY
Donate / Ko-Fi: ko-fi.com/elricsims
Release Notes
Split the Volume Moving average from the Buy/Sell moving average, each are now configurable.Release Notes
Added more flags and live alerts to attempt to tell price action of Up, Down, or Sideways (X)Release Notes
Bug fixesRelease Notes
Bugs.. what is this, github?Release Notes
Added configurable MAs alerts, and configurable time frames for the alerts.Release Notes
Comments and code restructure, working on the mathematics behind the Icons.Release Notes
Too many updates to go over, thanks all who are testing this right now. Check the settings for tooltips and suchRelease Notes
table bugsRelease Notes
Formatted inputs, fixed signal line coloring issue, added threshold for weak / normal signal.Release Notes
Added alerts on signal changeRelease Notes
Changed SHORT to RED in alertProtected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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.
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.