Freak Volume

Freak Volume is a technical indicator designed to identify bars with exceptionally high trading volume. It operates by calculating the mean volume over a specified period and determines high volume thresholds using both multiples of the mean and standard deviations from this mean.

High Volume Identification:

Standard Deviation Threshold: Bars with volume exceeding a specified number of standard deviations above the mean are highlighted within the indicator and on the corresponding candlesticks on the chart.
Mean Multiple Threshold: Bars with volume exceeding a multiple of the average volume are also highlighted. This highlighting is secondary to the standard deviation threshold, meaning standard deviation-based highlights take precedence.

Price Range Plotting: The indicator offers an option to display the price range of high volume candles, which may serve as potential supply and demand zones or support and resistance levels.

Freak Volume assists traders in visually identifying significant volume spikes that could indicate important market activity or potential turning points by providing multiple methods of high volume detection.

發行說明

Added Freak Volume Alert

開源腳本

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UniqueCharts

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開源腳本

UniqueCharts

Follow me on X: x.com/PhilippWeber_

免責聲明

這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。