OPEN-SOURCE SCRIPT
Volume Price Action Trend
## Description
An advanced technical analysis indicator that combines volume, price action, and trend analysis with dynamic parameter adjustment based on market volatility. This indicator helps identify high-probability trade setups using multiple confirmation factors.
## Features
- Dynamic parameter adjustment based on market conditions
- Volume-weighted price action analysis
- Trend strength measurement
- Visual signals for entry/exit points
- EMA-based trend confirmation
## Inputs
- ATR Period: Dynamically adjusts between 10-21 based on volatility
- EMA Period: Adapts between 14-34 based on price volatility
- Volume Period: Self-adjusts based on ATR changes
## Signals
- Green triangles: Long entry opportunities
- Red triangles: Short entry opportunities
- Blue line: Dynamic EMA trend line
- Colored candles: Volume-confirmed price action
## Usage
1. Add to chart for automatic trend analysis
2. Monitor trend strength value for momentum confirmation
3. Use green/red triangles for potential entry points
4. Consider EMA line for stop placement
5. Watch volume confirmation for trade validation
## Notes
- Best used on timeframes 10 minutes and above
- Combine with other indicators for confirmation
- Trend strength above 1.0 indicates strong trend
- Higher volatility automatically adjusts for faster response
- Lower volatility increases periods for noise reduction
An advanced technical analysis indicator that combines volume, price action, and trend analysis with dynamic parameter adjustment based on market volatility. This indicator helps identify high-probability trade setups using multiple confirmation factors.
## Features
- Dynamic parameter adjustment based on market conditions
- Volume-weighted price action analysis
- Trend strength measurement
- Visual signals for entry/exit points
- EMA-based trend confirmation
## Inputs
- ATR Period: Dynamically adjusts between 10-21 based on volatility
- EMA Period: Adapts between 14-34 based on price volatility
- Volume Period: Self-adjusts based on ATR changes
## Signals
- Green triangles: Long entry opportunities
- Red triangles: Short entry opportunities
- Blue line: Dynamic EMA trend line
- Colored candles: Volume-confirmed price action
## Usage
1. Add to chart for automatic trend analysis
2. Monitor trend strength value for momentum confirmation
3. Use green/red triangles for potential entry points
4. Consider EMA line for stop placement
5. Watch volume confirmation for trade validation
## Notes
- Best used on timeframes 10 minutes and above
- Combine with other indicators for confirmation
- Trend strength above 1.0 indicates strong trend
- Higher volatility automatically adjusts for faster response
- Lower volatility increases periods for noise reduction
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.
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