OPEN-SOURCE SCRIPT
Volume Edge Pro[wjdtks255]
Volume Edge Pro: Indicator Description
Volume Edge Pro is an advanced volume analysis tool designed to identify institutional accumulation and significant supply levels. Unlike standard volume bars, this indicator categorizes trading volume into four distinct types based on price action and historical comparisons, helping traders spot high-probability breakout opportunities.
Key Components:
Blue Bars (PPV - Pocket Pivot Volume): Indicates institutional accumulation. It appears when up-day volume exceeds the highest down-day volume of the last 10 trading sessions.
Green Bars (RGV - Recent Green Volume): Represents strong buying pressure where up-day volume is higher than the 50-period moving average.
Red Bars (RRV - Recent Red Volume): Signifies heavy supply or selling pressure where down-day volume is higher than the 50-period moving average.
Grey Bars: Represents standard market volume without significant institutional involvement.
Trading Strategy (How to Trade)
1. Identifying Accumulation (The Base)
Look for multiple Blue Bars (PPV) during a consolidation phase or within a "base." This suggests that "Smart Money" is quietly accumulating shares without significantly driving up the price yet.
2. The Buy Signal
The ideal entry point is when the price breaks out of a consolidation resistance level, especially when the breakout is confirmed by a Blue (PPV) or Green (RGV) bar. The presence of PPV signals within the base increases the reliability of the breakout.
3. Overcoming Supply (The RRV Rule)
When a Red Bar (RRV) appears, it marks a level of "unconsumed supply."
Treat the high of the RRV candle as a resistance level.
A bullish reversal or continuation is confirmed only when the price reclaims the high of the RRV day or when subsequent PPVs/RGVs overwhelm the previous selling volume.
4. Risk Management
If a massive Red Bar (RRV) appears after a long uptrend and the price breaks below the prior support, it may indicate institutional distribution (selling), signaling a time to exit or tighten stop-losses.
Volume Edge Pro is an advanced volume analysis tool designed to identify institutional accumulation and significant supply levels. Unlike standard volume bars, this indicator categorizes trading volume into four distinct types based on price action and historical comparisons, helping traders spot high-probability breakout opportunities.
Key Components:
Blue Bars (PPV - Pocket Pivot Volume): Indicates institutional accumulation. It appears when up-day volume exceeds the highest down-day volume of the last 10 trading sessions.
Green Bars (RGV - Recent Green Volume): Represents strong buying pressure where up-day volume is higher than the 50-period moving average.
Red Bars (RRV - Recent Red Volume): Signifies heavy supply or selling pressure where down-day volume is higher than the 50-period moving average.
Grey Bars: Represents standard market volume without significant institutional involvement.
Trading Strategy (How to Trade)
1. Identifying Accumulation (The Base)
Look for multiple Blue Bars (PPV) during a consolidation phase or within a "base." This suggests that "Smart Money" is quietly accumulating shares without significantly driving up the price yet.
2. The Buy Signal
The ideal entry point is when the price breaks out of a consolidation resistance level, especially when the breakout is confirmed by a Blue (PPV) or Green (RGV) bar. The presence of PPV signals within the base increases the reliability of the breakout.
3. Overcoming Supply (The RRV Rule)
When a Red Bar (RRV) appears, it marks a level of "unconsumed supply."
Treat the high of the RRV candle as a resistance level.
A bullish reversal or continuation is confirmed only when the price reclaims the high of the RRV day or when subsequent PPVs/RGVs overwhelm the previous selling volume.
4. Risk Management
If a massive Red Bar (RRV) appears after a long uptrend and the price breaks below the prior support, it may indicate institutional distribution (selling), signaling a time to exit or tighten stop-losses.
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免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。