OPEN-SOURCE SCRIPT
TX Volume Spike
Overview:
TX Volume Spike Pro is a sophisticated technical analysis tool designed to identify high-probability breakout and breakdown opportunities in STOCK trading. The core philosophy is "Volume confirms price." By combining price action breakout levels with directional volume spikes and advanced momentum filters, this script helps traders filter out market noise and identify institutional accumulation or distribution.
Key Features:
Directional Volume Spike Logic: Unlike standard volume indicators, TX Pro distinguishes between Bullish Spikes (accumulation) and Bearish Spikes (distribution). A signal is only valid if the recent volume surge aligns with the candle's direction.
Hybrid Confirmation System: The "Hybrid" mode integrates several technical indicators—On-Balance Volume (OBV), Money Flow Index (MFI), and Volume Oscillator—to ensure that momentum and money flow are fully supporting the price move.
Breakout/Breakdown Engine: Automatically identifies dynamic resistance (High) and support (Low) levels based on user-defined lookback periods.
Institutional Trend Filter: Includes a 200-period SMA filter to ensure traders stay on the right side of the long-term trend, significantly reducing risk in trending markets.
Professional UI: Features clean visual plots of key levels, directional bar highlighting for volume anomalies, and optimized signal labels.
How to Use:
Bullish Signal (BUY): Triggered when the price crosses over the Resistance level, confirmed by a Bullish Volume Spike within the lookback window, and supported by Hybrid filters (OBV/MFI/VO) if enabled.
Bearish Signal (SELL): Triggered when the price crosses under the Support level, confirmed by a Bearish Volume Spike, and supported by momentum filters.
Recommended Setting: Use the "Hybrid (All Filters)" mode for stock trading to ensure maximum confirmation.
Disclaimer:
This script is a technical analysis tool and should not be considered financial advice. Always use proper risk management and stop-loss orders in your trading strategy.
TX Volume Spike Pro is a sophisticated technical analysis tool designed to identify high-probability breakout and breakdown opportunities in STOCK trading. The core philosophy is "Volume confirms price." By combining price action breakout levels with directional volume spikes and advanced momentum filters, this script helps traders filter out market noise and identify institutional accumulation or distribution.
Key Features:
Directional Volume Spike Logic: Unlike standard volume indicators, TX Pro distinguishes between Bullish Spikes (accumulation) and Bearish Spikes (distribution). A signal is only valid if the recent volume surge aligns with the candle's direction.
Hybrid Confirmation System: The "Hybrid" mode integrates several technical indicators—On-Balance Volume (OBV), Money Flow Index (MFI), and Volume Oscillator—to ensure that momentum and money flow are fully supporting the price move.
Breakout/Breakdown Engine: Automatically identifies dynamic resistance (High) and support (Low) levels based on user-defined lookback periods.
Institutional Trend Filter: Includes a 200-period SMA filter to ensure traders stay on the right side of the long-term trend, significantly reducing risk in trending markets.
Professional UI: Features clean visual plots of key levels, directional bar highlighting for volume anomalies, and optimized signal labels.
How to Use:
Bullish Signal (BUY): Triggered when the price crosses over the Resistance level, confirmed by a Bullish Volume Spike within the lookback window, and supported by Hybrid filters (OBV/MFI/VO) if enabled.
Bearish Signal (SELL): Triggered when the price crosses under the Support level, confirmed by a Bearish Volume Spike, and supported by momentum filters.
Recommended Setting: Use the "Hybrid (All Filters)" mode for stock trading to ensure maximum confirmation.
Disclaimer:
This script is a technical analysis tool and should not be considered financial advice. Always use proper risk management and stop-loss orders in your trading strategy.
오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.