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KLP Volume Price Change Oscillator
The KLP Volume Price Change Oscillator (KLPVPCOsc) is a custom technical indicator designed to evaluate price movements using algorithmic analysis.
It attempts to provide insights into market conditions as an oscillator, creating an enhanced RSI-like (Relative Strength Index) metric tailored to momentum analysis.
Key Features:
Percentile Analysis:
Measures the change in price over a specified length (default 14 bars).
Incorporates volume data to analyze momentum.
Dynamic Thresholds:
These levels help identify potential divergence points and confirm trend continuation or reversal.
Application:
This indicator is well-suited for intraday and swing trading, offering traders actionable insights into market momentum and potential reversals by:
Spotting Divergences:
Divergences between price and the oscillator (e.g., rising price with declining oscillator) may signal a weakening trend or impending reversal.
Assessing Volume-Driven Moves:
Highlights whether price changes are supportive, providing a better context for breakout and breakdown scenarios.
Confirming Momentum:
Crosses above 70 or below 30 can indicate overbought or oversold conditions, similar to traditional RSI interpretation.
How to Use:
Setup:
Apply the indicator to a chart with timeframes suitable for your trading strategy (e.g., 5-minute for intraday, daily for swing trades).
Adjust the length parameters (RSI Length and Volume Length) to align with market behavior and asset volatility.
Interpret Signals:
Use overbought and oversold levels as caution zones for potential trend reversals.
Look for divergences or sustained movement near thresholds to evaluate trade entry/exit points.
Combine with Other Indicators:
For best results, pair this oscillator with trend-following tools (e.g., moving averages) or volume-based indicators to validate signals.
This indicator is effective in identifying nuanced price movements and is especially helpful for traders focused on momentum.
It attempts to provide insights into market conditions as an oscillator, creating an enhanced RSI-like (Relative Strength Index) metric tailored to momentum analysis.
Key Features:
Percentile Analysis:
Measures the change in price over a specified length (default 14 bars).
Incorporates volume data to analyze momentum.
Dynamic Thresholds:
These levels help identify potential divergence points and confirm trend continuation or reversal.
Application:
This indicator is well-suited for intraday and swing trading, offering traders actionable insights into market momentum and potential reversals by:
Spotting Divergences:
Divergences between price and the oscillator (e.g., rising price with declining oscillator) may signal a weakening trend or impending reversal.
Assessing Volume-Driven Moves:
Highlights whether price changes are supportive, providing a better context for breakout and breakdown scenarios.
Confirming Momentum:
Crosses above 70 or below 30 can indicate overbought or oversold conditions, similar to traditional RSI interpretation.
How to Use:
Setup:
Apply the indicator to a chart with timeframes suitable for your trading strategy (e.g., 5-minute for intraday, daily for swing trades).
Adjust the length parameters (RSI Length and Volume Length) to align with market behavior and asset volatility.
Interpret Signals:
Use overbought and oversold levels as caution zones for potential trend reversals.
Look for divergences or sustained movement near thresholds to evaluate trade entry/exit points.
Combine with Other Indicators:
For best results, pair this oscillator with trend-following tools (e.g., moving averages) or volume-based indicators to validate signals.
This indicator is effective in identifying nuanced price movements and is especially helpful for traders focused on momentum.
僅限邀請腳本
僅作者批准的使用者才能訪問此腳本。您需要申請並獲得使用許可，通常需在付款後才能取得。更多詳情，請依照作者以下的指示操作，或直接聯絡wmarkwilkinson。
請注意，此私人、僅限受邀使用者使用的腳本未經腳本審核員審核，其是否符合社群規範尚待確定。 TradingView不建議在未完全信任作者並了解其運作方式的情況下購買或使用腳本。您也可以在我們的社群腳本中找到免費的開源替代方案。
作者的說明
Access to this script is available through the MyQuantData discord server.
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。
僅限邀請腳本
僅作者批准的使用者才能訪問此腳本。您需要申請並獲得使用許可，通常需在付款後才能取得。更多詳情，請依照作者以下的指示操作，或直接聯絡wmarkwilkinson。
請注意，此私人、僅限受邀使用者使用的腳本未經腳本審核員審核，其是否符合社群規範尚待確定。 TradingView不建議在未完全信任作者並了解其運作方式的情況下購買或使用腳本。您也可以在我們的社群腳本中找到免費的開源替代方案。
作者的說明
Access to this script is available through the MyQuantData discord server.
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。