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


-----------------
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!

Release Notes: Major Improvements!

  • Improved calculations for better accuracy.
  • Levels are added.

Best
Release Notes: Major Improvements!

  • Heads-Up signals are added.

Best
Release Notes: Improvements!

  • New Volume Support/Resistance signals Added
  • Alerts Added
  • "Heads Up" signals are removed
Release Notes: Improvements!

  • Volume Heads Up Signal re-added.
Remove from Favorite Scripts Add to Favorite Scripts

Comments

Finally a good volume indicator :D This indicator helps me with my volume analysis. I use it on lower time-frame as well as in higher time-frames. You can easily see where exhausted volume are in play, which can be used in different ways. I use it as confirmation of a trend move or to understand where potential reversal can occur. I really like the indicator.
+2 Reply
This guys only sell the scripts !!!!!!
+1 Reply
can i get access for this ?plz
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out