Price-Volume by Clefsphere — Strategy by marketcast_

Volume volumeflow

Volume is a key piece of the puzzle when analyzing stock performance!

Price-Volume script measures Buying Pressure and Selling Pressure and creates Bullish signals based on that information.

A trailing stop can be specified. Of course the dilemma of stops is that adjusting to tighter stop may result in more stop outs, less profits. Whereas, looser stop may result in larger drawdowns, larger profits.

Coded as a strategy so it can be back-tested.

Long signal is show in green at the bottom and is also shown in Strategy signals.

Coded with latest PineScript version 3. Get This Indicator Today!
Thanks for your interest and support!

Disclaimer: This information is not trading advice and is for educational purposes only. Trade at your own risk. Past performance is not a guarantee of future results.

Release Notes:

Updated description

Invite-only script

Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact marketcast_ for more information, or follow the author's instructions below.

TradingView does not suggest paying for a script and using it unless you 100% trust its author and understand how the script works. In many cases you can find a good open-source alternative for free in our Community Scripts.

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.

Want to use this script on a chart?

Warning: please read before requesting access.