AbdullahAhmedEgypt

Volume price action and reaction index V1.0 (VPARI V1.0)

Volume indicator adjusted according to price movement.

It is used to confirm entry into trades , Each candle represents a measure of the strength of the change in volume with the price calculated by more than one mathematical equation.

the best way to use :

Divergence, either positive or negative

It is used with Crypto currencies and stocks, not suitable for use with commodities .

The example is shown in the attached chart .

If you like it, don't forget to comment your experience using it.
Release Notes:
@Code fixes and more accurate calculations ::)
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

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