AIO Key Volume
Key Volumes
The price tends to react strongly at those levels.
There are 2 key volume lines
- Current Timeframe key volume: the default color is red
- Higher Timeframe key volume: the default color is blue. Default timeframe is 1H
Usage
- Support/Resistance: when the key volumes is displayed as a horizontal line. It acts as a good SR zone.
- Entry zone: when price retraces to these levels. They are good entry levels providing good R:R. You should not fire a entry when the price is moving far away from the key level.
- Take Profit zone: the outside key volume. See details below.
Key Volume Types
There are 2 type of key volumes.
- Inside Key Volume: it is current key volume at the current price. You looks at above/below the price. That is the inside key volume
- Outside Key Volume: the past key volumes. When the price moves far away from the current or inside key volumes. Look at the left side key volume lines. That is outside key volume. You can see that the price also react strongly at these levels.
For those who want to use key volume with other line likes VWAP, MA. You might not want to add many indicators to the chart so I also added VWAP & MA to this indicator too.
No matter what your system is, Key volume will be a good confluence factor.
Invite-only script
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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 tranholenguyen directly.
Note that this private, invite-only script has not been reviewed by script moderators, and its compliance with House Rules is undetermined. 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.