INVITE-ONLY SCRIPT
Vol UP/DOWN BANDS V.1.1
Vol UP/DOWN BANDS V.1.1
Indicator Type: Volume-Based Bands and Price Moving Average Overlay
This invite-only indicator offers traders a valuable tool for identifying key shifts in market momentum through the interaction of volume dynamics and price action. The indicator plots upper and lower volume-based bands alongside a customizable price moving average (MA) to help reveal potential turning points in the market.
Key Features:
Volume-Based Upper and Lower Bands: These bands, derived from proprietary calculations of volume delta and price action, help distinguish between periods dominated by buyers or sellers. The green upper band highlights times when buyers are in control, while the red lower band indicates selling pressure is dominant.
Customizable Price Moving Average: The price MA (blue line) smooths out short-term price fluctuations, providing a clear reference point around which the volume bands fluctuate. This helps identify key shifts in market trends.
Flexible Timeframes: Users can customize the timeframe for volume calculations, giving the indicator greater flexibility across different markets and time horizons.
Smoothed Bands: The upper and lower bands are smoothed to reduce noise, allowing traders to focus on significant volume-driven price movements.
Chart Example: The chart above demonstrates how the upper band (green line) signals strong buying momentum, while the lower band (red line) indicates periods of heavy selling pressure. The price MA (blue line) serves as a central benchmark, helping to highlight significant trends in price action relative to volume.
Disclaimer: This script is for educational and informational purposes only and is not intended as financial or investment advice.
Indicator Type: Volume-Based Bands and Price Moving Average Overlay
This invite-only indicator offers traders a valuable tool for identifying key shifts in market momentum through the interaction of volume dynamics and price action. The indicator plots upper and lower volume-based bands alongside a customizable price moving average (MA) to help reveal potential turning points in the market.
Key Features:
Volume-Based Upper and Lower Bands: These bands, derived from proprietary calculations of volume delta and price action, help distinguish between periods dominated by buyers or sellers. The green upper band highlights times when buyers are in control, while the red lower band indicates selling pressure is dominant.
Customizable Price Moving Average: The price MA (blue line) smooths out short-term price fluctuations, providing a clear reference point around which the volume bands fluctuate. This helps identify key shifts in market trends.
Flexible Timeframes: Users can customize the timeframe for volume calculations, giving the indicator greater flexibility across different markets and time horizons.
Smoothed Bands: The upper and lower bands are smoothed to reduce noise, allowing traders to focus on significant volume-driven price movements.
Chart Example: The chart above demonstrates how the upper band (green line) signals strong buying momentum, while the lower band (red line) indicates periods of heavy selling pressure. The price MA (blue line) serves as a central benchmark, helping to highlight significant trends in price action relative to volume.
Disclaimer: This script is for educational and informational purposes only and is not intended as financial or investment advice.
仅限邀请脚本
仅限作者授权的用户访问此脚本，并且通常需要付费。您可以将其添加到收藏中，但是只有在向作者请求并获得许可之后，才能使用它。 请联系ata_sabanci了解更多信息，或按照以下作者的说明操作。
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.
作者的说明
″To request access to this script, please contact me via email at ata.sabanci@outlook.com or reach out on X (formerly Twitter) at @sabanci_ata. Be sure to provide your TradingView username and a brief note explaining your interest in using the script.
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警告：请在申请访问权限之前阅读。
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。