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.
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免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。