Display volume totals of each wave of movement. With this you can generally determine when a trend is weakening by lesser relative wave volume in the trend direction whilst increasing volume in the reverse direction.
You can also identify absorption based on high volume waves with less wave distance.
Currently limited to around 50 wave counts per chart due to tradingview limits.
For best results, work through timeframes in the structure you're looking at to obtain the clearest vision of the directional waves.
發布通知
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If you feel this script has helped your trading, donations are appreciated.
High volume waves with less distance? Absorption? Does that possibly mean a squeeze in price incoming?
dlphine
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Love the Script. Thank you for sharing it. Out of curiosity, is it possible to change the code to allow for changing the color of the labels or the opacity?
WERKER
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Thanks bro! This is a great tool to have. And also thanks for always helping me and others along our trading studies ! Have some tacos and a beer on me. sent you some ripple :P
djtidau
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If you feel this script has helped your trading, donations are appreciated.