Climatic Volume indicator Buy/Sell


this indicator is contrarian and it's use in my strategy

Strategy: when price falls the graph show as two moments with panic during the downtrend: two candlesticks of panic

Both candlesticks are associating with two Volume climatic bars (when volumen double the average volume of last 10 bars). In that moment the institutions buy (remember, the institutions only buy during panic and sell in the euphoria moment because they generate a new trend in the market)

Buy Signal: Bear candlestick with climatic volume in downtrend (first institutions buying) + a few candlesticks more with low volume (lower than average volume of last 10 bars) + second candlestick climatic volume in downtrend (last institutions buying before the new trend)

Moving Stop Loss to break even or first sell of us: bull candlestick with climatic volume associated in uptrend (first take profit of institutions)

Sell Signal: Second bull candlestick with climatic volume associated in uptrend (in this moment the institutions take profit in the timeframe where we are operating and wait for a future new swing)


El indicador es un indicador contratendencial

Estrategia: Cuando el precio cae el grafico nos muestra dos momentos de pánico durante la tendencia bajista: dos velas japonesas de panic
ambas velas japonesas están asociadas a dos barras de volumen climático (un volumen que supera en un 100% el volumen promedio de las ultimas 10 barras). En ese momento las instituciones compran (recuerden que las instituciones compran durante el pánico y venden durante la euforia porque ellos generan una nueva tendencia en el mercado)

Señal de compra: vela japonesa bajista con un volumen climático asociado en una tendencia bajista (primera compra de instituciones) + algunas velas japonesas con bajo volumen + una segunda vela japonesa con volumen climático en una tendencia bajista (la ultima compra de institucionales antes de la nueva tendencia)

Mover stop loss a precio de entrada o hacer nuestra primera venta: vela japonesa alcista con volumen climático asociado en una tendencia alcista (primera toma de ganancias de institucionales)

Señal de venta: Segunda vela japonesa con volumen climático asociado en una alcista (en ese momento las instituciones toman ganancias en el timeframe donde estamos operando y esperan un nuevo swing futuro)
Release Notes:
Release Notes:
Minimun changes:

Im correct the variable that i took to calculate the volume SMA
I did the average of last 5 candle close to determinate the previous trend more accurately
Release Notes:

New Version with new features

Add a new input parameter named "Risk Factor" that permit the modification of climatic volume calculation (CONDITION: volume > Average of last 10 volumes * Risk Factor)

I think three risk factors but you can modify freely

Risk Level LOW: Risk Factor = 2
Risk Level MEDIUM: Risk Factor = 1.618
Risk Level HIGH: Risk Factor = 1.382


Nueva versión con nuevos cambios

Nuevo parametro de entrada llamado "Risk Factor" que permite la modificación del calculo del volumen climático (CONDICIÓN: volumen > promedio de los últimos 10 volumenes * Risk Factor)

Pensé tres factores de riesgo pero puedes modificarlo libremente

Nivel riesgo BAJO: Risk Factor = 2
Nivel riesgo MEDIO: Risk Factor = 1.618
Nivel riesgo ALTO: Risk Factor = 1.382
Release Notes:
changes in how to calculate the previous trend
Release Notes:
This version include a "taking Close" parameter and a little configuration to determinate if the bull or the bears are taking the control. the taking close parameter adjusts the sensibility of the condition close<close, main part of general condition for detection of a possible climatic volume bar. It's an advance configuration, a taking close bigger reduce the sensibility of the indicator and vice versa.

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 a publication is governed by House Rules. You can favorite it to use it on a chart.


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