OPEN-SOURCE SCRIPT
Volume Band Asymmetric: Dynamic Volatility Envelopes
This indicator filters market noise by dynamically adjusting entry bands based on candle structure (Wick/Body) and real-time volume analysis. By using an asymmetric approach, it identifies exhaustion points where price tends to revert or break out, giving you a statistical edge in trending and ranging markets
Dynamic Offsets: Uses candle statistics (Wick, Body, or ATR) to define support/resistance bands.
Volume Normalization: The Volume Power input scales the channel width based on relative volume, expanding bands during high volatility/volume.
Crypto: Use higher volLookback and ATR settings to filter high-volatility spikes.
Forex: Tighten the multipliers (multBuy/multSell) to capture smaller, frequent trend exhaustion points.
I’m committed to making this tool as accurate as possible. Your feedback is invaluable! Please share your backtest results, suggest features, or report any issues in the comments below. Let’s evolve this strategy together!
Disclaimer: Trading involves significant risk of loss and is not suitable for all investors. Past performance is not indicative of future results. This script is for educational purposes only.
Dynamic Offsets: Uses candle statistics (Wick, Body, or ATR) to define support/resistance bands.
Volume Normalization: The Volume Power input scales the channel width based on relative volume, expanding bands during high volatility/volume.
Crypto: Use higher volLookback and ATR settings to filter high-volatility spikes.
Forex: Tighten the multipliers (multBuy/multSell) to capture smaller, frequent trend exhaustion points.
I’m committed to making this tool as accurate as possible. Your feedback is invaluable! Please share your backtest results, suggest features, or report any issues in the comments below. Let’s evolve this strategy together!
Disclaimer: Trading involves significant risk of loss and is not suitable for all investors. Past performance is not indicative of future results. This script is for educational purposes only.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
🔓 Unlock all my premium indicators & tools. Join here: whop.com/joined/mystrategyhub/trading-view-Vs8vKSmd5GTCLD/app/
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
🔓 Unlock all my premium indicators & tools. Join here: whop.com/joined/mystrategyhub/trading-view-Vs8vKSmd5GTCLD/app/
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.