The purpose of this script is to determine the response of trading volume to price action
This is not an indicator but a set of four signals
Bullish Strength Signal (Upward Green Triangle) :
" If the resistance is broken with a small upper shadow is valid"
this signal indicates the continuation of the bullish trend
The trading volume in the last 7 candlesticks is relatively high
If the bar is closed above the resistance level ,
It will probably turn into support.
This is not an indicator but a set of four signals
Bullish Strength Signal (Upward Green Triangle) :
" If the resistance is broken with a small upper shadow is valid"
this signal indicates the continuation of the bullish trend
The trading volume in the last 7 candlesticks is relatively high
If the bar is closed above the resistance level ,
It will probably turn into support.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.