Extreme Volume Support Resistance Levels are S/R levels(zones, basically), based on extreme volume .
Settings:
Lookback -- number of bars, which algorithm will be using;
Volume Threshold Period -- period of MA (Volume MA), which smoothers volume in order to find the extremes;
Volume Threshold Multiplier -- multiplier for Volume MA, which "lift" Volume MA and thus will provide the algorithm with more accurate extreme volume ;
Number of zones to show -- number of last S/R zones, which will be shown on the chart.
RU: Extreme Volume Support Resistance Levels — это уровни S/R (зоны, в основном), основанные на избыточном объеме.
Параметры:
Lookback -- число баров, которое алгоритм будет использовать для расчётов;
Volume Threshold Period -- период MA (Volume MA), которая сглаживает объем для нахождения экстремумов объёма;
Volume Threshold Multiplier -- множитель для Volume MA, который "поднимает" Volume MA и тем самым обеспечивает алгоритм более точными значениями экстремального объёма;
Количество зон для отображения -- количество оставшихся зон S/R, которые отображаются на графике.
Release Notes
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Big update: + MTF: now you can choose timeframes to extract data from and even create your own timeframes; + Logic update; + Structured documentation for curios people; + Dashboard(DB) for tracking your chosen MTF and current timeframe so you can easily distinguish one another; + Little customization for DB; + Minors.
Release Notes
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+ Quick logic fix.
Release Notes
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+ Minors;
Release Notes
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+ Big logic fix, now algorigthm is nearly 10x faster and more efficient; + Added little of customization for zones; + Changes in code documentation; + Minors;
@tarasenko_ Sir, Is there any future Improvement? Thanks mate
tarasenko_
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Sorry for algo's slow speed. Recently it took around 5-10 seconds for algo to load, but right now I've updated it and it plots almost instantly. Enjoy!
majed-raptor
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Hello my friend, I have a stock in the stock market - when I put the chart on five minutes - only resistances appear and support does not appear - I don't know why!!
The stock number in tradingview is 4140 saudi industry
Could you make it mtf for eg. I see the support resistance on 15 minute tf on 5 minute chart? thank you