Volumetric Order Blocks
It utilizes the concept of "Order Blocks," which are areas on the chart where large orders are believed to have been placed, influencing price behavior. By analyzing price swings and volume activity, the indicator attempts to highlight potential support and resistance levels.
Strength Calculations:
The indicator calculates the relative strength of bullish and bearish blocks based on volume. A higher bullish strength indicates stronger buying pressure, while higher bearish strength suggests more selling pressure.
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact tabby73 directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
Disclaimer
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact tabby73 directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.