VCHART
█ OVERVIEW
This script shows when buyers are in a rush to buy and when sellers are in a rush to sell based from my previous script (The Rush)
but this script will help traders set support and resistance lines, I am trying to create a new kind of chart because the actual technology of computers can allow it
═════════════════════════════════════════════════════════════════════════
█ CONCEPTS
Prophet Mohamed Peace be upon Him once said something similar to this "It is not advisable to trade if you do not know the
Volume".
In his book "The Day Trader's Bible - Or My Secret In Day trading Of Stocks", Richard D. Wyckoff wrote in page 55
"This shows that there was only 100 shares for sale at 180 1/8, none at all at 180^, and only 500 at 3/8. The jump from 1 to 8 to 3/8
Emphasizes both the absence of pressure and persistency on the part of the buyers. They are not content to wait patiently until they can
Secure the stock at 180^/4; they "reach" for it."
This script was inspired by these two great men.
Prophet Mohamed Peace be upon Him showed the importance of the volume and Richard D. Wyckoff explained what Prophet
Mohamed Peace be upon Him meant.
So I created this script that gauge the movement of the stock and the sentiments of the traders.
═════════════════════════════════════════════════════════════════════════
• FEATURES:
The script calculates The Percentage Difference of the price and The Percentage Difference of the volume between
two success bullish candles (or two success bearish candles) and then it creates a ratio between these two Percentage
Differences and in the end the ratio is compared to the previous one to see if there is an increase or a decrease.
═════════════════════════════════════════════════════════════════════════
• HOW TO USE:
1-set your chart to Line and hid the line by changing the opacity at the chart settings
2-if you see a red bar that mean bears are in hurry to sell and you can expect a bearish trend soon
but if trend goes bullish that means those sellers got nailed (dump money) because they sold when price is low
3-if you see a green bar that mean bulls are in hurry to buy and you can expect a bullish trend soon if trend goes bearish that means those buyers got nailed (dump money) because they bought when price is high
4-also use the previous bars to know the support and resistance area
the strategy is to set the stop loss below the green bar when buying of course at the bottom of the previous trend or
set the stop loss above the red bar when selling of course at the top of the previous trend
═════════════════════════════════════════════════════════════════════════
• LIMITATIONS:
1- Good only if volume data is correct , meaning good for a centralized Market. (You can use it for forex or
crypto but at your own risk because those markets are not centralized)
═════════════════════════════════════════════════════════════════════════
• THANKS: I pay homage to Prophet Mohamed Peace be upon Him and Richard D. Wyckoff who inspired the creation of this
Script.
═════════════════════════════════════════════════════════════════════════
This script shows when buyers are in a rush to buy and when sellers are in a rush to sell based from my previous script (The Rush)
but this script will help traders set support and resistance lines, I am trying to create a new kind of chart because the actual technology of computers can allow it
═════════════════════════════════════════════════════════════════════════
█ CONCEPTS
Prophet Mohamed Peace be upon Him once said something similar to this "It is not advisable to trade if you do not know the
Volume".
In his book "The Day Trader's Bible - Or My Secret In Day trading Of Stocks", Richard D. Wyckoff wrote in page 55
"This shows that there was only 100 shares for sale at 180 1/8, none at all at 180^, and only 500 at 3/8. The jump from 1 to 8 to 3/8
Emphasizes both the absence of pressure and persistency on the part of the buyers. They are not content to wait patiently until they can
Secure the stock at 180^/4; they "reach" for it."
This script was inspired by these two great men.
Prophet Mohamed Peace be upon Him showed the importance of the volume and Richard D. Wyckoff explained what Prophet
Mohamed Peace be upon Him meant.
So I created this script that gauge the movement of the stock and the sentiments of the traders.
═════════════════════════════════════════════════════════════════════════
• FEATURES:
The script calculates The Percentage Difference of the price and The Percentage Difference of the volume between
two success bullish candles (or two success bearish candles) and then it creates a ratio between these two Percentage
Differences and in the end the ratio is compared to the previous one to see if there is an increase or a decrease.
═════════════════════════════════════════════════════════════════════════
• HOW TO USE:
1-set your chart to Line and hid the line by changing the opacity at the chart settings
2-if you see a red bar that mean bears are in hurry to sell and you can expect a bearish trend soon
but if trend goes bullish that means those sellers got nailed (dump money) because they sold when price is low
3-if you see a green bar that mean bulls are in hurry to buy and you can expect a bullish trend soon if trend goes bearish that means those buyers got nailed (dump money) because they bought when price is high
4-also use the previous bars to know the support and resistance area
the strategy is to set the stop loss below the green bar when buying of course at the bottom of the previous trend or
set the stop loss above the red bar when selling of course at the top of the previous trend
═════════════════════════════════════════════════════════════════════════
• LIMITATIONS:
1- Good only if volume data is correct , meaning good for a centralized Market. (You can use it for forex or
crypto but at your own risk because those markets are not centralized)
═════════════════════════════════════════════════════════════════════════
• THANKS: I pay homage to Prophet Mohamed Peace be upon Him and Richard D. Wyckoff who inspired the creation of this
Script.
═════════════════════════════════════════════════════════════════════════
版本注释:
fixed a minor bug
版本注释:
fixed minor bugs
版本注释:
shows only candles that have heavy trading so use a line chart to follow price
版本注释:
█ OVERVIEW
This script shows when buyers are in a rush to buy and when sellers are in a rush to sell based from my previous script (The Rush)
but this script will help traders set support and resistance lines, I am trying to create a new kind of chart because the actual technology of computers can allow it
═════════════════════════════════════════════════════════════════════════
█ CONCEPTS
Prophet Mohamed Peace be upon Him once said something similar to this "It is not advisable to trade if you do not know the
Volume".
In his book "The Day Trader's Bible - Or My Secret In Day trading Of Stocks", Richard D. Wyckoff wrote in page 55
"This shows that there was only 100 shares for sale at 180 1/8, none at all at 180^, and only 500 at 3/8. The jump from 1 to 8 to 3/8
Emphasizes both the absence of pressure and persistency on the part of the buyers. They are not content to wait patiently until they can
Secure the stock at 180^/4; they "reach" for it."
This script was inspired by these two great men.
Prophet Mohamed Peace be upon Him showed the importance of the volume and Richard D. Wyckoff explained what Prophet
Mohamed Peace be upon Him meant.
So I created this script that gauge the movement of the stock and the sentiments of the traders.
═════════════════════════════════════════════════════════════════════════
• FEATURES:
The script calculates The Percentage Difference of the price and The Percentage Difference of the volume between
two success bullish candles (or two success bearish candles) and then it creates a ratio between these two Percentage
Differences and in the end the ratio is compared to the previous one to see if there is an increase or a decrease.
═════════════════════════════════════════════════════════════════════════
• HOW TO USE:
1-set your chart to Line and hide the line by changing the opacity at the chart settings
2-if you see a red bar that mean bears are in hurry to sell and you can expect a bearish trend soon
but if trend goes bullish that means those sellers got nailed (dump money) because they sold when price is low
3-if you see a green bar that mean bulls are in hurry to buy and you can expect a bullish trend soon if trend goes bearish that means those buyers got nailed (dump money) because they bought when price is high
4-also use the previous red or green bars to know the support and resistance area
the strategy is to set the stop loss below the green bar when buying of course at the bottom of the previous trend or
set the stop loss above the red bar when selling of course at the top of the previous trend
═════════════════════════════════════════════════════════════════════════
• LIMITATIONS:
1- Good only if volume data is correct , meaning good for a centralized Market. (You can use it for forex or
crypto but at your own risk because those markets are not centralized)
═════════════════════════════════════════════════════════════════════════
• THANKS: I pay homage to Prophet Mohamed Peace be upon Him and Richard D. Wyckoff who inspired the creation of this
Script.
═════════════════════════════════════════════════════════════════════════
This script shows when buyers are in a rush to buy and when sellers are in a rush to sell based from my previous script (The Rush)
but this script will help traders set support and resistance lines, I am trying to create a new kind of chart because the actual technology of computers can allow it
═════════════════════════════════════════════════════════════════════════
█ CONCEPTS
Prophet Mohamed Peace be upon Him once said something similar to this "It is not advisable to trade if you do not know the
Volume".
In his book "The Day Trader's Bible - Or My Secret In Day trading Of Stocks", Richard D. Wyckoff wrote in page 55
"This shows that there was only 100 shares for sale at 180 1/8, none at all at 180^, and only 500 at 3/8. The jump from 1 to 8 to 3/8
Emphasizes both the absence of pressure and persistency on the part of the buyers. They are not content to wait patiently until they can
Secure the stock at 180^/4; they "reach" for it."
This script was inspired by these two great men.
Prophet Mohamed Peace be upon Him showed the importance of the volume and Richard D. Wyckoff explained what Prophet
Mohamed Peace be upon Him meant.
So I created this script that gauge the movement of the stock and the sentiments of the traders.
═════════════════════════════════════════════════════════════════════════
• FEATURES:
The script calculates The Percentage Difference of the price and The Percentage Difference of the volume between
two success bullish candles (or two success bearish candles) and then it creates a ratio between these two Percentage
Differences and in the end the ratio is compared to the previous one to see if there is an increase or a decrease.
═════════════════════════════════════════════════════════════════════════
• HOW TO USE:
1-set your chart to Line and hide the line by changing the opacity at the chart settings
2-if you see a red bar that mean bears are in hurry to sell and you can expect a bearish trend soon
but if trend goes bullish that means those sellers got nailed (dump money) because they sold when price is low
3-if you see a green bar that mean bulls are in hurry to buy and you can expect a bullish trend soon if trend goes bearish that means those buyers got nailed (dump money) because they bought when price is high
4-also use the previous red or green bars to know the support and resistance area
the strategy is to set the stop loss below the green bar when buying of course at the bottom of the previous trend or
set the stop loss above the red bar when selling of course at the top of the previous trend
═════════════════════════════════════════════════════════════════════════
• LIMITATIONS:
1- Good only if volume data is correct , meaning good for a centralized Market. (You can use it for forex or
crypto but at your own risk because those markets are not centralized)
═════════════════════════════════════════════════════════════════════════
• THANKS: I pay homage to Prophet Mohamed Peace be upon Him and Richard D. Wyckoff who inspired the creation of this
Script.
═════════════════════════════════════════════════════════════════════════
版本注释:
MINOR CHANGE