Entoryx

Volume [Entoryx]


Certainly! Here's a more concise description for the "Entoryx Volume" indicator, with less focus on the specifics of the order block bar detection:

The "Entoryx Volume" is a versatile technical indicator that analyzes the relationship between price ranges and volume over a user-defined number of bars. By calculating a delta between the highest high and lowest low, it offers insights into market momentum and direction.

Key features of this indicator include:

1) Current Value Plotting: A dynamic line plotted on the chart represents the current value, which reflects market trends. The color of the line changes to green for bullish conditions and red for bearish conditions, depending on its relationship with the Exponential Moving Average (EMA) of the close.

2) Color-Coded Regions: The area between the current value plot and a baseline zero line is filled with a corresponding color, providing a visual representation of market sentiment.

3) Boundary Lines: Horizontal lines at +10 and -10 serve as reference points to highlight significant market movements.

4) Order Block Bar Detection (Optional): An optional feature that places visual markers on the chart to signal potential reversals. This can be enabled or disabled by the user, according to preference.

The "Entoryx Volume" indicator is tailored for traders aiming to understand market momentum with a clear and visually intuitive display. It is suitable across various trading strategies and market conditions, with customization options to fit individual needs.

The source code for this indicator is subject to the terms of the Mozilla Public License 2.0.
开源脚本

本着真正的TradingView精神,该脚本的作者将其开源发布,以便交易者可以理解和验证它。为作者喝彩!您可以免费使用它,但在出版物中重复使用此代码受网站规则的约束。 您可以收藏它以在图表上使用。

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。

想在图表上使用此脚本?