INVITE-ONLY SCRIPT

Volume and Trend reversal scalping script

Updated
The Vtrend X script allows for both trend based and scalping trading entries, it gives you all the trend and reversal information at hand that is necessary. It works best in a trending market.

The fundamental part of the script, is the volume weighted bands in blue and red, which help determine the trend and dynamic support and resistance . The blue band is a shorter length than the red band.

When the blue band dips below the red band, this tells us there is a downtrend. And when the blue band is trending above the red band, this is bullish uptrend price action. You will be able to note price whatever the timeframe really respects these bands, and you can use that to your advantage flicking through the high and low timeframes on where price will go next, combined with your own support and resistance levels.

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Combined with the candle colors, which change whether they close above or below the main trend colored line (shown below), help identify a change in price action and trend. This allows for low timeframe plays also.

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The uptrend and downtrend cicle signals are shown in a few different colors. Green and red are with the trend and have met all conditions. Orange and purple are against the trend calculations, and Olive circles risky trades against all the filters used to calculate signals.

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The reversal signals, are the diamond plots in black, These also represent take profit areas as well.

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Another key feature is the Daily / Weekly / Monthly and Yearly open levels displayed as colored dots. A lot of the plays i take use the Daily opens as key levels to take a trade off.

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The indicator is designed to give you key information, but be quite customisable as well to suit your exact trading style.

Recommended timeframes i use for this script; Weekly (for key liquidity areas), Trading on the Daily, 6h, 4h, 2h, 1h and 25 minutes.

Backtested Settings and Pairs;
Pair - Timeframe - Signals Inputs - Reversal Inputs - ATR Multiplier - MA Filter
BTCUSD - 1 hr - 3 - 2.8 - 5.5 - NA
ETHUSD - 1 hr - 4 - 2.8 - 5.5 - NA
USDCAD - 1 hr - 4 - 2.8 - 5.5 - NA
GBPUSD - 1 hr - 4 - 2.8 - 5.5 - NA
US30 - 1 hr - 4 - 2.8 - 5.5 - NA
BTCUSD - 4 hr - 2.5 - 2.5 - 3.5 - NA
BTCUSD - 25 mins - 5 - 2.5 - 5.5 - NA
Release Notes
overhaul
averageBands and ChannelsmovingMoving AveragesmovingaveragepriceactionpriceactionreversalreversalsscalpingscalpingcryptoVolumevwmas

Invite-only script

Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact vtrend-script for more information, or follow the author's instructions below.

TradingView does not suggest paying for a script and using it unless you 100% trust its author and understand how the script works. In many cases, you can find a good open-source alternative for free in our Community Scripts.

Author's instructions

please visit vtrendscript.com to access

Want to use this script on a chart?

Warning: please read before requesting access.

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