ULTIMATE Price Action Oscillator with Volume-Based S/R - Mehta

28 apr

ULTIMATE Price Action Oscillator with Volume-Based S/R (UPO-PRO-VOL)

Key Features:
Smart Oscillator: Combines price action momentum with customizable smoothing.

Volume-Confirmed S/R: Identifies high-confidence Support/Resistance levels when price crosses above-average volume.

Real-Time Tracking: Displays S/R levels with timestamps (IST) in a clean table.

Visual Alerts: Dashed lines + labels mark key levels for easy spotting.

⚠️ STRONG DISCLAIMER
❌ This indicator is for educational purposes only.
❌ Not financial advice. Trading involves risk—always conduct your own analysis.
❌ No guarantee of accuracy. Past performance ≠ future results.
❌ Adjust settings carefully. Test in a demo account first.
❌ Volume thresholds may vary by asset. Customize Volume Threshold Multiplier as needed.

📝 How to Use:
S/R Signals: Green "S" = Support (oscillator crosses up with high volume). Red "R" = Resistance (oscillator crosses down with high volume).

Table: Tracks latest S/R prices and formation time (IST).

Tweak Settings: Adjust Oscillator Length, Smoothing, and Volume Threshold for your trading style.

Tip: Combine with trend analysis for higher-probability trades!

Script Settings (Default):

Oscillator Length: 5 (Can be adjusted upto a maximum value of 200)

Smoothing: 3

S/R Lookback: 100 bars

Volume Threshold: 1.5x avg volume

28 apr

Note di rilascio

Likely to change

28 apr

Note di rilascio

Rsi is added

28 apr

Note di rilascio

rsi values are changed

3 giorni fa

Note di rilascio

RSI is removed