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KLP Volume Price Change Oscillator
The KLP Volume Price Change Oscillator (KLPVPCOsc) is a custom technical indicator designed to evaluate price movements using algorithmic analysis.
It attempts to provide insights into market conditions as an oscillator, creating an enhanced RSI-like (Relative Strength Index) metric tailored to momentum analysis.
Key Features:
Percentile Analysis:
Measures the change in price over a specified length (default 14 bars).
Incorporates volume data to analyze momentum.
Dynamic Thresholds:
These levels help identify potential divergence points and confirm trend continuation or reversal.
Application:
This indicator is well-suited for intraday and swing trading, offering traders actionable insights into market momentum and potential reversals by:
Spotting Divergences:
Divergences between price and the oscillator (e.g., rising price with declining oscillator) may signal a weakening trend or impending reversal.
Assessing Volume-Driven Moves:
Highlights whether price changes are supportive, providing a better context for breakout and breakdown scenarios.
Confirming Momentum:
Crosses above 70 or below 30 can indicate overbought or oversold conditions, similar to traditional RSI interpretation.
How to Use:
Setup:
Apply the indicator to a chart with timeframes suitable for your trading strategy (e.g., 5-minute for intraday, daily for swing trades).
Adjust the length parameters (RSI Length and Volume Length) to align with market behavior and asset volatility.
Interpret Signals:
Use overbought and oversold levels as caution zones for potential trend reversals.
Look for divergences or sustained movement near thresholds to evaluate trade entry/exit points.
Combine with Other Indicators:
For best results, pair this oscillator with trend-following tools (e.g., moving averages) or volume-based indicators to validate signals.
This indicator is effective in identifying nuanced price movements and is especially helpful for traders focused on momentum.
It attempts to provide insights into market conditions as an oscillator, creating an enhanced RSI-like (Relative Strength Index) metric tailored to momentum analysis.
Key Features:
Percentile Analysis:
Measures the change in price over a specified length (default 14 bars).
Incorporates volume data to analyze momentum.
Dynamic Thresholds:
These levels help identify potential divergence points and confirm trend continuation or reversal.
Application:
This indicator is well-suited for intraday and swing trading, offering traders actionable insights into market momentum and potential reversals by:
Spotting Divergences:
Divergences between price and the oscillator (e.g., rising price with declining oscillator) may signal a weakening trend or impending reversal.
Assessing Volume-Driven Moves:
Highlights whether price changes are supportive, providing a better context for breakout and breakdown scenarios.
Confirming Momentum:
Crosses above 70 or below 30 can indicate overbought or oversold conditions, similar to traditional RSI interpretation.
How to Use:
Setup:
Apply the indicator to a chart with timeframes suitable for your trading strategy (e.g., 5-minute for intraday, daily for swing trades).
Adjust the length parameters (RSI Length and Volume Length) to align with market behavior and asset volatility.
Interpret Signals:
Use overbought and oversold levels as caution zones for potential trend reversals.
Look for divergences or sustained movement near thresholds to evaluate trade entry/exit points.
Combine with Other Indicators:
For best results, pair this oscillator with trend-following tools (e.g., moving averages) or volume-based indicators to validate signals.
This indicator is effective in identifying nuanced price movements and is especially helpful for traders focused on momentum.
仅限邀请脚本
只有作者授权的用户才能访问此脚本。您需要申请并获得使用许可。通常情况下，付款后即可获得许可。更多详情，请按照下方作者的说明操作，或直接联系wmarkwilkinson。
请注意，此私密、仅限邀请脚本未经脚本版主审核，是否符合网站规则尚未确定。 TradingView不建议您付费购买或使用任何脚本，除非您完全信任其作者并了解其工作原理。您也可以在我们的社区脚本找到免费的开源替代方案。
作者的说明
Access to this script is available through the MyQuantData discord server.
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。
仅限邀请脚本
只有作者授权的用户才能访问此脚本。您需要申请并获得使用许可。通常情况下，付款后即可获得许可。更多详情，请按照下方作者的说明操作，或直接联系wmarkwilkinson。
请注意，此私密、仅限邀请脚本未经脚本版主审核，是否符合网站规则尚未确定。 TradingView不建议您付费购买或使用任何脚本，除非您完全信任其作者并了解其工作原理。您也可以在我们的社区脚本找到免费的开源替代方案。
作者的说明
Access to this script is available through the MyQuantData discord server.
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。