Zeiierman

Exhausted Volume (Expo)

Exhausted Volume (Expo)

DESCRIPTION

Exhausted Volume (Expo) indicator visualize exhausted volume . Exhaustion often signals the reversal of a current trend because it illustrates excess levels of supply or demand, indicating a market is either overbought or oversold.

The indicator can also be used to detect volume pressure in either direction which can occur in breakouts or in reversal points. The input variable ‘Volume Length’ can be changed. A longer Volume length means that the indicator detects bolder exhausted volume .

Volume pressure is seen in reversal points.
Volume pressure can be seen in breakouts.

The indicator is also equipped with exhausted volume signals that are more sensitive. This is visualized with arrows up and down. The investor has the ability to adjust the sensitivity of these signals.

HOW TO USE

1. Use the indicator to identify exhausted volume
2. Use the indicator to identify volume pressure.
3. Use the indicator to identify reversal points.
4. Use the indicator to identify breakouts.


Combine the indicator with ‘Climax Volume (Expo)


INDICATOR IN ACTION

EURUSD

EURUSD

BTCUSD

BTCUSD


The indicator works with RENKO, HEIKIN ASHI and with KAGI charts as well.

I hope you find this indicator useful, and please comment or contact me if you like the script or have any questions/suggestions for future improvements. Thanks!

I will continue to work on this indicator, so please share your experience and feedback with me so that I can continuously improve it. Thanks to everyone that have contacted me regarding my scripts. Your feedback is valuable for future developments!


ACCESS THE INDICATOR

• Contact me on TradingView or use the links below


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Disclaimer

Copyright by Zeiierman.

The information contained in my scripts/indicators/ideas does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.


My scripts/indicators/ideas are only for educational purposes!

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Access my indicators at: http://zeiier-man.com

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This guys only sell the scripts !!!!!!
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