FnoPulse VP is an indicator it will show stock volatility condition. it is created based on the intraday volume movements. By using this we can detect the momentum in the stock, read on. ( we can apply this in lower timeframes like , 5min, 15min, 30min, 1hr)
FnoPulse VP has 2 main components: Delta Volumes (Green/red area ) MA line (yellow)
How does it work? The Delta volume bar is in green. it indicates buyers are aggressive on that stock. The Delta volume bar is in red. it indicates seller are aggressive on that stock. The MA line. to show the 30 candle volume average.
What are the signals? it wont generate any signals. just it will plot the buyer and seller volumes.
Can we set the Alert on this? No, we can not set the alert based on the buyer/seller volumes.
IMPORTANT: this script does not generate any signals. Perfectly catches long runs in trends at all underlings (stocks, indexes ) at 5 min, 15min, 30min, 1hr time frame. Lower/High period gives more incorrect signals. Don't use this in daily time frame.
Try it! Good luck and good trading!
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