Volume Pivot Zone

5 giorni fa

Overview

This indicator automatically draws boxes on your chart to show important price levels based on high trading volume.

What It Does:

1. Finds High Volume Spots: It detects bars where the trading volume hits a peak (a "pivot").
   
2. Draws Zones: It draws a box around the high and low of that high-volume bar and extends it to the right.
   
3. Shows Different Timeframes: You can see zones from your current chart's timeframe (CTF) and a higher timeframe (HTF) at the same time. HTF zones are usually more significant.
   
4. Manages Old Zones: Once the price touches or breaks through a zone, the indicator can automatically hide or remove it, keeping your chart clean.
   

Settings:

• Higher Timeframe Section
  - CTF Show / HTF Show: Turn the zones for the current (CTF) or higher (HTF) timeframe on or off.
  - 1Min:, 5Min:, etc.: Set which higher timeframe to use for your current chart. For example, you can tell it to show 1-hour zones on your 5-minute chart.
  
• Volume Pivot Zone Section
  - Show High: Draws zones based on volume peaks. (Most common)
  - Show Low: Draws zones based on volume valleys.
  - Lookback Length: How many bars to the left and right to check for a volume peak. A higher number finds only the most significant peaks.
  - Invalidation Condition: When to consider a zone "used up." For example, Touch means the zone is invalidated as soon as the price touches it.
  - Action: What to do with an invalidated zone. Remove deletes it, while Hide just makes it disappear.
  - Color Settings: Customize the colors of the zones to your liking.
  

5 giorni fa

Note di rilascio

update screenshot

5 giorni fa

Note di rilascio

fix bug